Market Weekly: May 7 May 11 2018


March Consumer Credit increases $11.7B (M/M) vs. $16.2B consensus and $13.64B prior (revised from $10.6B).

More than 77% of U.S. manufacturers are finding it difficult to hire workers to fill openings, according to the Institute for Supply Management’s Spring 2018 Semiannual Economic Forecast.
As a result, 53.3% of manufacturers surveyed have raised wages to recruit new hires.
For the non-manufacturing sector, 64.4% of those surveyed said they’re having difficulty in filling open positions; however, only 35.7% said they increased wages to recruit new hires.
Both manufacturing and non-manufacturing supply management executives expect economic growth to continue: Manufacturing revenue is forecast to jump 6.6%, while non-manufacturing revenue is seen rising 3.2%.