about 5 years ago
Weekly Indicators: production, rail transport, and spending still poor edition
By: New_Deal_democratMonthly reports for March started out with a poor jobs report, with almost all internals, and revisions, down. On the other hand, March auto sales were at near post-recession highs. ISM manufacturing was less positive than previously. February reports included personal income and spending, both up, but spending less than income, pending home sales up sharply, factory orders up, but with a big downward revision to January, and construction spending down slightly. My usual note: I look at the high frequency weekly indicators because while they can be very noisy, they provide an up-to-this-week snapshot of the economy. Read more
 before extending that forecast definitively through the 4th quarter of this year.&p[images][0]=/system/files/styles/large/s3/image_325.jpg?itok=mVxiS3QZ){kind=link}