Pantheon Macroeconomics - Barring some sort of miracle, or substantial upward revision to prior data--it happens--first quarter consumption spending growth is unlikely to reach 3%, despite the robust 0.3% gain reported yesterday for January. Part of the problem is a basis effect.

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3 Mar. 2015 Consumption and Construction Data Point to Sluggish Q1 GDP

By Ian Shepherdson

Barring some sort of miracle, or substantial upward revision to prior data--it happens--first quarter consumption spending growth is unlikely to reach 3%, despite the robust 0.3% gain reported yesterday for January. Part of the problem is a basis effect.

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

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