Auto production has also probably bottomed out, with cash-for-clunkers eliminating excess inventories, though the scheme pulled forward demand, making this harder to read.

• 汽车产量很可能也已经触底，“旧车换现金”计划消除了过剩库存，尽管该计划鼓励人们超前消费，使这方面的形势较难解读。