Lousy Incoming Day Data Sinks GDP Forecasts for Q2

Boeing, where art thou? Boeing is suffering from a sharp decline in orders, and this translates into a sharp decline in orders for “civilian aircraft” in the durable goods data trove released this morning by the Commerce Department. But it’s not just Boeing. It’s broader and deeper, and it caused forecasts for GDP growth in the second quarter to get slashed.

 

 

 

 

 

 

 

 

https://wolfstreet.com/2019/05/24/lousy-durable-goods-data-sink-gdp-forecasts-for-q2/

 

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