Pantheon Macroeconomics

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1st Jun 2023 14:38U.S., Daily Monitor

  • Downside risk for May payrolls, but these data are wild and forecast margins of error are huge.
  • Expect a benign hourly wage print; the April spike likely was noise rather than signal.
  • The ISM survey shows manufacturing firmly in recession, and signals a deep inventory correction.

April ism ism survey manufacturing May survey

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Keywords for: 2 June 2023 US Monitor

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