>>>Yes there will be contractions in manufacturing since they are entering the winter months. Besides that, inventory is full to cover whatever unexpected increase in orders over those winter months. So what do the manufacturers do? They slow up.
The data series is seasonally adjusted to take those factors into account.
>>>You expect a huge downturn in economic growth or what?
No, the Consumer is doing fine. I just expect manufacturing to remain weak as a result of slowing oil and gas drilling activity and continued uncertainty around tariffs that is slowing CAPEX.
Here is a prediction for you.
Trump wins the next election, of course. Then after his second term, the democrats get in after they manage to get enough voters salted into red states to turn the election- that is what has been happening if you dont already know.
Then the democrats destroy this economy and turns the US into a out and out socialistic-communistic country.
At that time, the economy means nothing.