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Like a bad summer movie, not even economists will want to view upcoming data

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Mon, 13 Jun 11 12:26 AM | 33 view(s)
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June 12, 2011, 9:52 a.m. EDT

Economic data may be as grim as bad summer movie

By Greg Robb, MarketWatch

WASHINGTON (MarketWatch) — The economic indicators to be released next week are expected to amount to a bad summer movie that even economists don’t really want to watch.

The plot for the May data is already well known — high gasoline prices and the shortage of autos and auto parts from Japan conspired to drag the recovery down close to stall speed.

“In a sense, the May data will be confirming the softness people have already built in from the weak May jobs report so the indicators won’t be new news,” said Nigel Gault, chief U.S. economist at IHS Global Insight.


Full story: http://www.marketwatch.com/story/economic-data-may-be-as-grim-as-bad-summer-movie-2011-06-12




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