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Thursday, April 16, 2020

US retail sales, NY Manufacturing and unemployment claims are deteriorating!

https://finance.yahoo.com/news/the-economy-is-literally-in-freefall-economist-march-2020-retail-sales-coronavirus-covid-161034344.html

US retail sales dropped by 8.7%.

US NY Manufacturing index dropped to -78.2 in April 2020.

US unemployment claims hit about 17m.

The gloomy US economic growth had been predicted by our analysis of the ISM PMI.

http://sg-stock.blogspot.com/2020/04/the-us-ism-pmi-for-march-2020-is.html

If you wanna know the relationship between PMI and GDP, please read our post below.

http://sg-stock.blogspot.com/2019/04/the-us-economy-has-flipped-and-fissures.html

1 comment:

Eric Ho said...

https://sg.finance.yahoo.com/news/coronavirus-covid-weekly-initial-jobless-claims-april-11-192401571.html