Pantheon Macroeconomics - Across all the major economic data, perhaps the biggest weather distortions late last year and in the early part of the year were in the retail sales numbers, specifically, the building materials component. Sales rocketed at a 16.5% annualized rate in the first quarter, the biggest gain since the spring of 2014, following a 10.2% increase in the fourth quarter of last year.

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26 April 2017 The Surge in Spending on Building Materials Can't Last Forever

By Ian Shepherdson

Across all the major economic data, perhaps the biggest weather distortions late last year and in the early part of the year were in the retail sales numbers, specifically, the building materials component. Sales rocketed at a 16.5% annualized rate in the first quarter, the biggest gain since the spring of 2014, following a 10.2% increase in the fourth quarter of last year.

Posted: 25th Apr 2017 in 'U.S. Documents'

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Keywords for: U.S. Documents | 26 April 2017 The Surge in Spending on Building Materials Can't Last Forever

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