These numbers are weak. Even if you factor in the upward revision to the April data, this points to a slowing in consumer spending in the second quarter. |
We are not going to see a significant effect overnight as a result of an OPEC agreement. I don't see prices going any higher for the time being, but it will take some time to see the increase of supply push down the price of fuel. |
We are not going to see a significant impact overnight as a result of an OPEC agreement. I don't see prices going any higher for the time being, but it will take some time to see the increase of supply push down the price of fuel. |
We are not going to see a significant impact overnight as a result of the OPEC agreement. I don't see prices going any higher for the time being, but it will take some time to see the increase of supply push down the price of fuel. |
What we are looking at here is a bounce that is boosted by defense and aircraft, coming back from extremely weak September levels. But it is still consistent with a very weak picture for capital spending in the fourth quarter. |