Pantheon Macroeconomics - The gap between the hard and soft data from the industrial economy appeared to widen still further last week. But we are disinclined to take the data--the official industrial production report for March, and the first survey evidence for April--at face value.

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24 April 2017 Take None of Last Week's Data at Face Value -- Distortions Abound

By Ian Shepherdson

The gap between the hard and soft data from the industrial economy appeared to widen still further last week. But we are disinclined to take the data--the official industrial production report for March, and the first survey evidence for April--at face value.

Posted: 23rd Apr 2017 in 'U.S. Documents'

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