Calvin Schnure
Calvin Schnure
april consumer factor numbers points revision second slowing spending
These numbers are weak. Even if you factor in the upward revision to the April data, this points to a slowing in consumer spending in the second quarter.
bounce capital coming consistent defense extremely fourth looking picture september spending weak
What we are looking at here is a bounce that is boosted by defense and aircraft, coming back from extremely weak September levels. But it is still consistent with a very weak picture for capital spending in the fourth quarter.