This Week's State Of The Economy - What Is Ahead? - 28 May 2021

Date: 08 June, 2021 | By : 

U.S: Supply Chain Woes Tug at Growth and Send Prices Higher

This week's light calendar of economic reports showed supply chain disruptions tugging a little at economic growth. New home sales are being held back by record low inventories, as higher construction costs are slowing starts. While a slightly larger drop in consumer confidence and advance durable goods orders garnered headlines, hiring continues to ramp up and business fixed investment advanced solidly, reflecting the urgency of the supply side to catch up with demand.

International: Less Positive on the U.S. Dollar Outlook

 It was an especially light week on the international economic data front. On Tuesday, however, we released our monthly International Economic Outlook for May. Perhaps the biggest change in our forecast was a somewhat less positive view on the U.S. dollar going forward. 


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