Weak GDP Growth just Got Weaker.

GDP (4th Q2014)

– Real GDP quarter/quarter, seasonally adjusted, annualized +2.2%. Previous estimate was +2.6%
– GDP price index quarter/quarter, seasonally adjusted, annualized +0.1%. Previous estimate was +0.0%.

This is weak.  We should be targeting 4% annual growth.

 
Chicago PMI (February 2015)

– Business Barometer Index  45.8. Previous was 59.4.

This is the lowest level since July 2009.

 

Consumer Sentiment (February 2015)

– Sentiment Index  95.4. Previous was 93.6.

This is the University of Michigan Index.

 

Pending Home Sales Index (January 2015)

– Pending Home Sales Index   104.2. Previous was 102.5.

A gain is nice but this one followed a December decline making for, more or less, a 2 month wash.