The Outbound Tender Volume Index (OTVI) has been slowly slipping since Labor Day but still remains at very high levels. The index currently sits at 15,056, which is 5% lower than the beginning of the month and nearly 3% off last week. Today’s value is the lowest non-holiday value since mid-August but still well above each of the previous two years.
Despite the lukewarm recovery of the labor market, consumer spending and confidence have improved and stabilized. Retail spending (excluding auto)...
https://s29755.pcdn.co/news/outbound-tender-volumes-stay-hot-but-slip-a-little