Finally, the first of the May data reflects better economic results going forward.

The first of the May data will be released this week. Parts of the economy began to be opened during the last half of the month and is expected to affect the data. The positive impact is expected to be the ISM Index and vehicle sales. Both economic numbers are expected to be up from the bottom reached in April. This will be an important indicator of the strength of any rebound as the economy opens over the next month. It may reflect less of a decline in Real GDP in the second quarter than some of the current forecasts of a 40% decline. The last of the April data was released on Friday with personal income and spending.

 

PROBANIK AUSTIN ADVISOR - JUNE 1, 2020