GDPNow Estimate Tumbles on Weak Retail Sales
The GDPNow forecast fell from 2.3% to 1.8% this week on weak retail sales. The Nowcast estimate rose 0.1%.
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The GDPNow forecast fell from 2.3% to 1.8% this week on weak retail sales. The Nowcast estimate rose 0.1%.
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Manufacturing is looking increasingly recessionary.
Industrial Production fell 0.3% as expected, but revisions subtract another 0.3%. Weather was a factor.
December 2019 GISS data came out recently, and hot: 1.1C over baseline. 2019 is the second hottest year on record…