The three-month moving average was also negative at -0.04 in April, but this is actually less bad than the -0.05 average reported back in March.
Today’s data is a weighted average of 85 different economic indicators. The design is to indicate that a reading above zero is positive and resembling growth. A negative reading represents economic contraction.
Over the weekend came news that Ben Bernanke was calling for more innovation to rescue the economy.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.
Our top personal finance-related articles today. Your wallet will thank you later.
Top Gaining Stocks
Top Losing Stocks