Hard for Manufacturing Slowdown to Tip U.S. Economy: Economist Gapen

What aspect of the US economy does Barclays find durable despite weaknesses in manufacturing?

• The financial markets

• The services-oriented economy

• The technology sector

• The agricultural sector

According to Michael Gapen, what recent data casts doubt on previous economic optimism?

• The increase in consumer spending

• The growth in housing market

• The rise in stock market indices

• The one-month number on manufacturing

What is the base case for the economic trend over the next 12 months according to the discussion?

• A significant increase in manufacturing output

• A stable trend with sufficient monetary policy easing

• A rapid decline in the services sector

• An increase in global trade tensions

What does the April data on manufacturing and industrial production suggest?

• A strong recovery in business spending

• A broad-based weakness in business spending

• A rise in consumer confidence

• An increase in employment rates

What factor is considered too tight given the current economic conditions?

• Trade agreements

• Monetary policy setting

• Government regulations

• Fiscal policy