Pantheon Macroeconomics
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Better headline numbers, but the underlying trend is still weak.
The drop in sales is probably noise, but the underlying trend is weak.
Sales likely to stagnate for the next few months, at best.
Rounding off another weak quarter for equipment investment.
Residential investment bounced in Q1.
Consistent with still-subdued business investment.
Downward revisions and a muted February recovery signal an emerging consumer slowdown.
Disappointing but better times probably lie ahead
Backup in rates and high snow cover hurt sales last month
One spike in the core deflator after three very small increases does not change the trend.
Business investment probably still set for a weak Q1
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