The tentative signs of recovery that the US economy had displayed in March and April faded as manuf...
The tentative signs of recovery that the US economy had displayed in March and April faded as manufacturing and services surveys disappointed. GDP growth of 1.6% was lower than expected and extreme weather conditions, a high level of terrorist alert and uncertainty over an impending war took their toll. Current visibility on the economy is poor and and upcoming data will be key as it is our first look at economic trends post the war. Consumer confidence has already shown some rebound but manufacturing orders have yet to show improvement. In early 2000 when the market peaked, the ec...
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