Comes down from 2.9% to 2.3%… non-manufacture sector is doing a little bit better…
Used to have a few hard data on consumer spending/sales in the past few months, but Q1 we have a growth on the consumer spending. US is tracking the global consumer spending growth.
General up trend… Although a little soft patch
China US reach to a deal today (May 19th). There are some frictions and unsettled issues with Canada and others (NAFTA trade)
Supply driven, the fundamental doesn’t change