Last week saw good news on US GDP, with the data pointing to 2.5 per cent expansion in Q1.
This week may well tell another story.
Tuesday (30 April) will see the latest consumer confidence index from the University of Michigan’s Conference Board, another measure that has been looking distinctly iffy of late.
Wednesday and Friday will see the latest Purchasing Managers’ Indices for manufacturing and non-manufacturing. Last month they weren’t so good.
Friday will also see the latest jobs report. Last month’s was a big disappointment.
In the roller coaster that is the story of US GDP, and in light of enforced austerity, the runes say Q2 may not be anywhere so good, but what will this week’s data say?
© Investment & Business News 2013