Chart of the week: US economic sentiment falls in July

Fathom’s US Economic Sentiment Indicator dipped from 5.9% to 5.6% in July. June’s ESI reading has been revised up, following benchmark US GDP revisions and updated survey data. The bigger picture is that while many businesses have expressed concern about trade wars, and sentiment weakened a little in both June and July, it is still high by past standards. With tax reform encouraging more investment and consumer demand strong — reflected by solid durable goods orders and retail sales prints for July — the outlook for GDP remains positive. We have argued for some time that GDP growth and our
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Chart of the WeekCharts & Tables
Aug 28, 2018
posted by Fathom Consulting