The index rose 0.7 percent last month. Wall Street analysts polled by Thomson Reuters expected a gain of 0.4 percent. May's reading was revised up to a gain of 1.3 percent from 1.2 percent, while April was scaled back to 1 percent growth from 1.1 percent.
The group also said activity in the six-month period through June rose 2 percent, with an annual growth rate of 4.1 percent. That's the strongest rate since the first quarter of 2006.
The only bad thing is this will probably be a jobless recovery due to the failure of the stimulus bill and with Cap-and-Tax and ObamaCare killing even more jobs. I am just surprised that there is any positive leading indicators at all with Washington trying like mad to kill any green shoots.
No comments:
Post a Comment