The July employment report was a bit of an antidote to the disappointing Q2 GDP data released a week earlier. Surveys of purchasing managers and data on construction spending did not provide additional relief.
Q2 GDP Growth Was Well Below Forecasts: What We Learned During the Week of July 25 – 29
Ok, the first estimate of Q2 economic growth was not “decent” after all. Actually, the word “disappointing” is more appropriate.
Perhaps Decent Economic Growth in Q2: What We Learned During the Week of July 18 – 22
A series of economic data released last week finds moderate economic growth during the tail end of Q2.
