Pantheon Macroeconomics - We are not bothered by either the drop in real December consumption, all of which was due to a weather-induced plunge in utility spending, or the drop in the ISM manufacturing index, which is mostly a story about hopeless seasonal adjustments.

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3 Feb. 2015 Behind the Noise, U.S. Economic Fundamentals are Solid

By Ian Shepherdson

We are not bothered by either the drop in real December consumption, all of which was due to a weather-induced plunge in utility spending, or the drop in the ISM manufacturing index, which is mostly a story about hopeless seasonal adjustments.

Posted: 3rd Feb 2015 in 'U.S. Documents'

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