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一、维持缓慢增长的前景11月,美国经济继续在复苏的轨道上前进,经济前景看起来仍然稳定。最重要的同步指标工业产值虽然仅增长0.1%,在连续三个月增长之后似乎出现了一点停顿。但营运存货也只下降了0.4%,相比于之前十二个月显著放缓,这和其他数据显示的存货情况是一致的。其中制造商库存降幅还没有显著变化,批发商库存下降明显放缓,而零售商库存出现了上升(参见图
I. Prospects for Maintaining Slow Growth In November, the U.S. economy continued its recovery and its economic outlook remained stable. The most important indicator of synchronous industrial output, although only increasing by 0.1%, appears to be a little pause after three consecutive months of growth. However, operating inventories decreased by only 0.4%, a significant slowdown compared to the previous twelve months, which is in line with other inventory data. Among them, the decline of manufacturers ’inventories has not changed significantly, the decrease of wholesalers’ inventories has slowed down obviously, and the inventory of retailers has risen (see figure