Wells Fargo Weekly Economic and Financial Commentary, May 6, 2013

  • by BPC Staff
  • on May 6, 2013
  • 0 Comments

2013 Economic Growth: Soft in the Middle

 

· The April employment report indicated that nonfarm payrolls rose 165,000 and the unemployment rate edged slightly lower to 7.5 percent.

· Personal income and spending data for March indicated that consumers continued to spend even with only modest increases in income growth.

· The ISM Manufacturing Index fell to 50.7 in April from 52.0 in March. Even with the weakness in the headline reading, the new orders component edged higher for the month.

Read the Full Commentary here