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Originally Posted by Greg B
Economy Getting Better? Economy Zooms Ahead At 5.6%.
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Mmmm ... about the only positve stuff out of that lot is a slight slowdown which may encourage the FR to not raise it's rates next month.
A big hit is on "real money" in manufacturing growth - tho doubtless that is related to oil prices and may not be real underneath.
The car industry is in one hell of a mess, but, flip side is they really don't export much - so prob not to the detriment of trade balances. Japanese manufacturers like Toyota actually increased their sales by around 14% last month while GM Chrysler and Ford dropped by.... 26%, 15% and 7% respectively. "Any" real increase on manufacturing has got to be a plus, else if it continues to stagnate it's really going to end up as a major, major problem.
The other aspect is development/construction spending hitting a September 2004 low - Hell.. not sure what that means, but must affect employment if nothing else and may suggest a cooling on real estate. There a profit in here someplace Greg?
