The odds remain low that the US will slip into a recession in the second quarter, based on current GDP nowcasts compiled by CapitalSpectator.com. Although recession forecasts endure, the numbers suggest the economy will continue to expand in the near term.
Daily Archives: June 6, 2023
Macro Briefing: 6 June 2023
* Global economic activity rises to 18-month high in May via PMI survey data
* US recession worries persist despite strong labor market
* Tech downturn on West Coast sending chill through region’s economies
* Apple unveils an ambitious virtual reality product
* US factory orders rise for second month in April on strong defense spending
* Services PMI posts “strongest upturn” in over a year in May, but…
* ISM Services Index eases in May, close to near-zero growth:
