U.S. Outlook: Evidence of growth rebound stacks up

Scott Anderson
Posted by Scott Anderson
Chief Economist

This week’s economic data is promising on several fronts.

Graph of Surprise IndexFor starters, the Institute of Supply Managements’s forward-looking index of new orders for non-manufacturing items rose to the highest level since 2011.

For more on the latest economic developments to watch, see higlighhts of my weekly economic analysis below, followed by a link to the full U.S. Outlook report, delivered on June 6, 2014.

Key observations:
  • Recent economic data suggests the U.S. economy is shifting into a higher gear in the second quarter.
  • Signs are emerging of improving business confidence in the U.S. economy.
  • Housing construction will march higher in the second quarter.
  • I expect an increase in business investment spending may be just around the corner.

Click here to read my full report.

 

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