Tuesday 28 February 2017

GDP Unexpectedly Undershoots Consensus: What’s Ahead?

GDP Unexpectedly Undershoots Consensus: What’s Ahead?

mishtalk.com / Mike “Mish” Shedlock / February 28, 2017

The BEA’s second estimate for 4th quarter 2016 GDP remains unchanged from the advance reading of 1.9%.

The Econoday consensus estimate was 2.1% in a range of 2.0% to 3.1%. Thus, not a single economist managed to peg the number.

The second revision to fourth-quarter

February 28, 2017 at 11:30AM

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