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LAST UPDATE:5/25/2024
CQM 20240524 CQM 20240524

This week’s CQM updated only April advance factory orders and broad effective exchange rate for U.S. dollar.  The shipment of transportation increased 3.41% in April, much higher than the ARIMA forecast of -1.00%. The economic growth rates were revised upward in all approaches. Based on the CQM and PCA forecasts, latent true economic growth rate will be between 1.0% and 1.5% in 2024Q2. Inflation rate will be between 2.5% and 3.5% in 2024Q2.

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