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May 2021 Economic Forecast - Significant Bump


Econintersect s Economic Index forecast sees a bump in the economic rate of growth at the Main Street level driven by government spending - and employment continues to accelerate.
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Analyst Summary of this Economic Forecast
Economic year-over-year growth is about to skyrocket as the data is being compared to the country s lockdown and recession last year - but do not confuse yourself as the underlying rate of growth is not exceeding pre-pandemic levels in most areas.
A recession ends when the economy begins to recover - and the economy is definitely recovering. This may be the shortest recession ever at 2 to 3 months. HOWEVER, the pandemic is not over and the coronavirus will decide when it wants to release the economy from its grip. At this point, the coronavirus is in control of the economy and all forecasts are simple guesses. ....

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Chemical Activity Barometer Rises In April


Chemical Activity Barometer Rises In April
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WASHINGTON, April 27, 2021 /PRNewswire/ The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), rose 0.7% in April on a three-month moving average (3MMA) basis following a 1.1% increase in March and a 0.9% gain in February. On a year-over-year (Y/Y) basis, the barometer rose 12.0% in April (3MMA).
Source: American Chemistry Council
The unadjusted data show a 0.3% increase in April following a 1.4% gain in March. The diffusion index reached 100% in April. The diffusion index marks the number of positive contributors relative to the total number of indicators monitored. The CAB reading for March was revised downward by 0.35 points and the reading for February was revised downward by 0.58 points. The April data are provisional and subject to revision. ....

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