May 5, 2014

Economic Data: April`s ISM & The Weather Excuse

Economic news out today: ISM non manufacturing for April coming in slightly better than forecast. Of course non manufacturing unfortunately is the lion share of the U.S. economy and so April numbers a little bit higher than March, although just barely. If you are trying to argue that the economy was disaster because of the weather, you would have expected a much bigger jump in the ISM for the month of April.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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