Economics & Research Blog
A Sideways Pause in the Recovery Indicators
The recovery indicators moved sideways in February,
By Dr. Joe Webb
Published: March 6, 2012
The recovery indicators moved sideways in February, after a solid January. There are still problems, of course. The NASADAQ rose modestly, but remains above the levels at the start of the recession on a current-dollar and inflation-adjusted basis. (Click chart to enlarge)
The ISM's non-manufacturing index components were mixed. New orders were up to very strong levels, but imports slowed down. The ISM manufacturing index retreated since last month, but remains in growth territory. Imports rose.
Proprietors income was revised upward, but remains nearly -5% below the inflation-adjusted level at the start of the recession.
The economy continues to muddle at a slight upward trend. The macroeconomic indicators will be released late next week.