Manufacturing comes off its high boil

Data: FactSet; Chart: Axios Visuals

So far in 2023, the flow of economic data has been a story of ups and downs: first, with several weeks of signs that the economy was slowing and inflation fading, then several weeks of data suggesting boom times were still here.

• With the first significant economic release of April (reflecting March activity), we're back on the downward part of the roller coaster.