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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 | 51 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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