 · After several months of firming on its various gauges the economy watchers index has dropped again in April. The drop takes the overall index to the bottom several percentile of its five year range and levels employment is the bottom 2.8 percentile of its range. The future index, also lower in the month, resides in the bottom 17 percentile of its range. Similarly in April we have seen the NTC MFG index weaken and the Teikoku indices weaken. The perception that the economy is losing steam in the economy watchers survey seems to on target. Unfortunately the future index is still falling sharply.
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