We’re about midway into Q3. Nowcasts put tools and buildings funding — notably ahead wanting funding — at close to flat relative to Q2.
Determine 1: Gear and Buildings funding (blue line, left log scale), GDPNow nowcast of 8/7 (gentle blue sq.), each in bn.Ch.2017$ SAAR; EPU (information) (crimson, proper scale). Supply: BEA, Atlanta Fed (8/7), policyuncertainty.com, and writer’s calculations.
See what shopper durables are doing, right here.
Thanks, Drumpf!
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