The greatest economic boom since the great flood continues at an unstopable pace. Factory output fell in March, showing that the US economy after a small uptick, is slowing back down.
(Reuters) – Output at U.S. factories slipped in March and builders started construction on fewer homes, offering cautionary signals for an economy that appeared to be gaining traction.
Manufacturing output slipped for the first time in four months, dropping 0.2 percent, the U.S. Federal Reserve said on Tuesday.
The decline dragged on overall industrial production which was unchanged and fell short of analysts’ expectations.
“It looks pretty bad on the face of it,” said Tom Porcelli, an economist at RBC Capital Markets in New York.
These facts will not matter to the media. They will continue to claim the economy is awesome! The Obama boom, can’t you just feel it!
Tags: The Obama Boom
