Today’s Econ data

Not a bad day for U.S. Economic data,Trade balance smaller deficit and Non-manufacturing ISM headline number A touch better then consensus and possibly indicating a short term bottom. Lets look at the Charts

3-mo Moving Average of headline ISM
Trade deficit smallest in 3 years,trump Scorecard for success of trade war
3-month average of U.S. China trade deficit, this too showing less of a deficit another Plus for Trump Trade war scorecard
lastly the All important Services Trade balance is little changed

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.