More economic indicators

Global Insight sees a brighter outlook for IT spending.

The Wendover-Global Insight IT Spending Index for April 2005 projects sustained spending levels in IT equipment and software. April's survey reflected a healthy bounce back from Q1 responses. Moreover, the growth in spending appears to be relatively stable, albeit lower than peak recovery levels. IT manufacturers are likely to see good sales for the balance of 2005.

Calculated Risk also points to surging traffic in April for both the Port of Los Angeles and Port of Long Beach.

On the other hand, the Baltic Dry Index (BDI) is on a clear downtrend. Then again, the BDI does sometimes turn on a dime.