Economist

Richard Iley

Macroeconomics

<div class="content-highlight"><p><strong>As global financial markets hunker down and await tonight's February labour market report which has the potential to be a blockbuster of epic proportions, incoming data earlier in the week continue to signal that the US economy is now decisively boiling over. </strong></p></div><p>Two data releases so far this week in particular stand out:</p><ul>
<li>another super-strong ISM non-manufacturing survey for February;</li>
<li>January's blow-out goods trade deficit.</li>
</ul><p>The headline index for the ISM non-manufacturing survey held at 59.5 in…</p>

As global financial markets hunker down and await tonight's February labour market report which has the potential to be a blockbuster of epic proportions, incoming data earlier in the week continue to signal that the US economy is now decisively boiling over. Two data releases so far this week in particular stand out:
another super-strong ISM non-manufacturing survey for February;
January's blow-out goods trade deficit.
The headline index for the ISM non-manufacturing survey held at 59.5 in…

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