Saturday, 2 April 2016

Weekly Indicators: accumulating evidence that the shallow industrial recession is ending edition

Monthly data for March started out with a blowout positive ISM manufacturing report, that all but precludes any imminent recession, vs. poor motor vehicle sales that would otherwise suggest a recession is near.  The run of 200,000+ jobs reports continued, although both unemployment and underemployment rose - due to lots of people entering the workforce - and the more leading components of the report generally were negative. Two measures of consumer sentiment rose.
 


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