That’s a scorching hot figure, much higher than expected. It suggests the US recovery carries some momentum and suggests QE2 can end on schedule in June.
It’s a dollar positive, but with all that is going on, it is hard to focus only on one number.
Here is the breakdown of some of the components:
Prices paid dipped to 63.8 in March from 67.2 in February
Employment dipped to 18.2 from 23.6
Ne orders soared to 40.3 from 23.7
