Tag Archives: GDP

Weekly Economic Update

(-) The second estimate of 4th quarter GDP was a disappointment, although many watchers expected as much—the initial estimate of +3.2% was revised down to +2.4% (a tenth lower than the expected revision).  The majority of the difference came from … Continue reading

Posted in Economic News | Tagged , , , , , , | Leave a comment

Weekly Economic Update

(-) Durable goods orders for July came in weaker than expected, falling -7.3% relative to a consensus forecast decline of -4.0%.  Removing transportation from the headline figure, orders fell a much less dramatic -0.6%, but underperformed an expected +0.5% gain … Continue reading

Posted in Economic News | Tagged , , , , | Leave a comment