Saturday, June 27, 2015

NDD's weekly indicators


New Deal Demoncrat - weekly indicators. Quote from the intro:

Monthly data for May included new and existing home sales, both up strongly, personal income up, personal spending up strongly, with saving down. University of Michigan consumer sentiment was up, with present conditions reaching a post-recession high. Sentiment about both the present and future is in line with the best readings of the 2001-07 expansion. The only negative report was durable goods, showing the shallow industrial recession goes on.

I'd add that tax withholding continues to be fantastic, while rail loads are still generally a disaster except for intermodal.

So yeah, it's an industrial-sector recession with the rest of the economy (especially we livestock) doing well.


No comments:

Post a Comment