U.S. manufacturing remains strong, economist Ian Shepherdson said after the government reported an unexpected decline in factory orders for durable goods.
Ian Shepherdson, chief U.S. economist at High Frequency Economics Ltd., talks with Bloomberg's Ken Prewitt and Tom Keene. For more ``Surveillance'' and ``On the Economy'' podcasts, please visit iAmplify.com. (Source: Bloomberg)
The smallest gain in U.S. payrolls in six months need not presage the kind of slowdown that bedeviled the world’s largest economy for the past two years.
Applications for U.S. unemployment benefits declined last week to the lowest level in a month as the volatility typical during the year-end holidays waned.
"Taking the revisions into account, we cannot now say with any conviction that sales have broken definitively above the 400-to-460K trend in place since late 2012."
- Ian Shepherdson on Oct 24, 2014
Shepherdson Says Default's Negative Impact Obvious
High Frequency’s Shepherdson ‘Bullish’ On Economy
Shepherdson Says Retail Sales Surprisingly Not Good
Ian Shepherdson: Bloomberg On the Economy With Tom Keene
Lena Komileva, Ian Shepherdson: Bloomberg On the Economy