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The conclusion could be premature . with only 3 months of data  its hard to say growth is slowing .  . The July number could be temporarily higher than average. But the August number is still verty healthy growth .
For example the Business  capital goods growth number for August is actually below the July number , but  its a month-on-month growth number , in absolute terms it is still healthy , i.e. that side of the economy is growing in a healthy way


But I am not sure the answer you gave is incorrect

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