Asia Unhedged | Optimistic "soft data" supported by high frequency freight data,"hard data" lagging economic strength: Goldman Sachs
Taiwan's exports struggle to compete with South Korea's. Photo: ReuLucy Nicholson
Taiwan's exports struggle to compete with South Korea's. Photo: ReuLucy Nicholson
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Optimistic “soft data” supported by high frequency freight data,”hard data” lagging economic strength: Goldman Sachs

Positive indicators are sustainable, and transportation numbers will likely resolve discrepency between "hard" and "soft" US data.

February 28, 2017 11:47 PM (UTC+8)

Goldman Sachs analysts say that optimistic “soft data” reports are supported by high frequency freight data, and that “hard data” are lagging economic strength. Surveys showed volumes of freight activity saw increases in the the second half of 2016 and in some instances through January and mid-February of this year. Price-based measures indicate the uptick in volumes is sustainable, and Goldman Sachs analysts expect positive signs from transportation numbers will likely resolve some of the discrepancy between “hard” and “soft” US data.

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