Thursday, May 01, 2008

Quick Overview

  • U.S. personal incomes rose 0.3% in March

  • U.S. consumer spending rose 0.4%.

  • The Institute of Supply Management's manufacturing index out at 48.6.

  • U.S. construction spending fell 1.1% MoM and 2.4% YoY.

  • YoY Ford’s vehicle sales fell 12% and sales for GM fell 16%

  • (WSJ) Commercial banks continued this week to tap extensively the Fed's discount window but reduced their borrowings slightly from last week, a sign that credit strains may be improving somewhat.

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