The Economic News That Did Not Make Headlines This Week
Fears of a trade war and stock market volatility are grabbing the headlines and overshadowing the good economic news.
The monthly survey of purchasing managers at manufacturing companies registered an uptick to already strong activity.
Historically, the manufacturing purchasing managers index has collapsed when the economy contracts.
At 60.8%, the manufacturing purchasing managers index has rarely been this high over the last three decades.
Meanwhile, personal disposable income soared in January as the federal income tax cut boosted wages.
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