This survey measures Manufacturing, Mining and Utilities. For April, Mining and Utilities did just fine but Vehicle manufacturing slumped due to supply chain woes from Japan. This is a one-off event and will not greatly bother the markets. It bothers us though as a few days following the tragedy in Japan, we predicted supply considerations, while a problem, would not be so severe.
Robert Craven
Robert Craven
No comments:
Post a Comment