8-Feb
Adv. Man. (M3-1) (2/27), Q4 GDP (2/27), Adv. Econ. Ind., Pers. Inc. & outlays -1.5
and
3-Mar ISM Manuf. Index, Constr. spending -2.8
So it went from 2% growth expected to -1.5% that's pretty incredible. This seems like it's due to Personal Consumption and Income as well as the surge in imports from Q4? Since the surge in imports is likely temporary, does that mean this will bounce back up? or is the PCE drops more important?
Wow, that chart on the first page is incredible.
8-Feb Adv. Man. (M3-1) (2/27), Q4 GDP (2/27), Adv. Econ. Ind., Pers. Inc. & outlays -1.5 and 3-Mar ISM Manuf. Index, Constr. spending -2.8
So it went from 2% growth expected to -1.5% that's pretty incredible. This seems like it's due to Personal Consumption and Income as well as the surge in imports from Q4? Since the surge in imports is likely temporary, does that mean this will bounce back up? or is the PCE drops more important?