Pantheon Macroeconomics - At the headline level, much of the recent U.S. macro dataflow has been disappointing. January retail sales, industrial production, housing starts, and both ISM surveys--manufacturing and non-manufacturing-- undershot consensus, following a sharp and unexpected drop in December durable goods orders.

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20 Feb. 2015 Data Surprises Don't Tell Us Much About the Economy

By Ian Shepherdson

At the headline level, much of the recent U.S. macro dataflow has been disappointing. January retail sales, industrial production, housing starts, and both ISM surveys--manufacturing and non-manufacturing-- undershot consensus, following a sharp and unexpected drop in December durable goods orders.

Posted: 20th Feb 2015 in 'U.S. Documents'

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