Wells Fargo Weekly Economic & Financial Commentary – May 22, 2015
Modest Bounce Back for Q2
- Industrial production weakened for a fifth straight month. Utilities and mining were predictably weak amid weather changes and a pullback in the energy industry, while manufacturing was flat.
- The Regional PMIs do not suggest much of a rebound in Q2, with Kansas City and Philadelphia slipping in May.
- The housing market is generally looking better this year now that housing starts and permits snapped back in April and homebuilder confidence is higher than a year ago. Existing home sales, however, fell in the month.
Click here to read the full Wells Fargo Weekly Economic & Financial Commentary for May 22, 2015.
Tags: economy