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.