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3rd Jun 2024 11:09USDaily Monitor

  • The quits rate likely remained just below its 2015-to-19 average in April, signalling slower ECI growth ahead.
  • Construction spending has stagnated this year, the boom in S&L and manufacturing spending is over. 
  • The ISM manufacturing slipped again in May. And a plunge in new orders signals more bad news ahead. 

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Keywords for: 4 June 2024 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence