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Expectations down ..LE: 181 ..PG: 02 ..PU: BT ..TX: EXPECTATIONS for the motor vehicle industry have come down despite improvements in sales in the second quarter. Respondents are beginning to factor in a possible interest rates rise in their medium-term.

Asia Africa Intelligence Wire

| July 21, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Business Times (Malaysia))

EXPECTATIONS for the motor vehicle industry have come down despite improvements in sales in the second quarter. Respondents are beginning to factor in a possible interest rates rise in their medium-term outlook.

The automotive industry index slipped 9 points to 114.6 points in the second quarter, after it shot up more than 20 points in the first quarter. This is the second straight quarter the index stayed above the 100-point threshold after six quarters. While the current index is strong, the …

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