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Manufacturing Index Rises to 54.8 in March

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  • Description

    FBN's Peter Barnes breaks down economic data.

  • Duration 1:37
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And I saw want to watch certainly -- today we got manufacturing data that rose at the fastest pace in ten months.

Beating expectations senior Washington correspondent Peter Barnes joins us now -- her more on the economy -- Why -- the economy has definitely slowed despite this number we saw that 3% GDP growth for the fourth quarter 2.2 percent GDP for the first quarter of this year now -- -- number out today confirms continuing growth economists say manufacturing index unexpectedly up.

254 point eight in March the 33 straight monthly increase but in the last two years we experienced a decent job growth.

Decent -- economic growth early in the year.

Only to see it stall out later in the -- for one reason or another.

Now -- another debt ceiling and tax battle coming up later this year one former fed economist worries that history will repeat itself.

The thing that gives me pause going ahead into the second half of the year.

Is that if we think back.

To the debt limit debate last summer what happened was that the thing turned into this massive pile of uncertainty that caused everybody to stop what they're doing.

And and the -- that looked really good in the first part of the year got very sour over the summer.

But for April 1 thing we're gonna get started getting Cheryl is cleaner data because it's a pretty normal month 1 April weather so we're not gonna have all this unseasonably -- this -- that that is to screw up the numbers so watch April watch the April jobs report coming out this Friday -- permit to have revisions Peter Barnes out of Washington Peter thank you very -- thank.

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