Sentences with phrase «represents excess supply»
The demand is represented by the occupied stock and so the vacant stock represents excess supply.
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The excess supply of housing is putting downward pressure on rents, which represent a large share of the consumer price index (CPI)(Chart 27).
OPEC's output increases by about 6 million barrels per day, representing a total increase of 11 million barrels per day in global supply — less than the increase in demand due to excess liquids supply in 2016.