Wednesday, April 24, 2013

12 Signs the Economy is Weaker Than You Think

We’ve seen plenty of conflicting data in recent weeks as we begin to see some weakness in the economy (right on time again!).  In his latest note David Rosenberg highlights 12 indications that the economy is weaker than you think:

Household employment (-206k in March, the steepest decline in well over a year).

Real retail sales (-0.3% in March, down for the second time in three months).

Manufacturing production (-0.1% and also down in two of the past three months).

Core capex orders (-3.2% in February, and again, down in two of the past three months).

Single-family housing starts (-4.8% in March and negative for two of the past three months as well.

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