Pantheon Macroeconomics - We will have a much better idea of the pace of domestic demand growth after today's wave of economic data, though the report which will likely generate the most attention in the markets--ADP employment--tells us nothing of value. The headline employment number in the report is generated by a regression which is heavily influenced by the previous month's official data.

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1 July. 2015 Upside Risk for ADP and ISM Manufacturing - Both of Little Value

By Ian Shepherdson

We will have a much better idea of the pace of domestic demand growth after today's wave of economic data, though the report which will likely generate the most attention in the markets--ADP employment--tells us nothing of value. The headline employment number in the report is generated by a regression which is heavily influenced by the previous month's official data.

Posted: 1st Jul 2015 in 'U.S. Documents'

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