The ISM Non-Manufacturing Survey came in at 54 for January, just above consensus of 53.9 and slightly higher than in December (53). On Monday, the ISM Manufacturing survey disappointed as it came in at 51.3 vs expectations of 56. We like to look at a...
The final revision for 3Q GDP surprised to the upside this morning as real GDP increased at an annualized rate of 4.1%. This is just the second time that real GDP has grown at a +4% clip in a quarter in the post-2008 recovery....
The second release for the 3Q GDP was revised up today from 2.8% AR to 3.6% AR. This increase is mainly attributable to further inventory accumulation. Personal consumption expenditures on services only contributed 2 basis points to real GDP. This is the lowest contribution since...
In the wake of recent criticism by the IMF (and even the U.S. Treasury) that it is too reliant on its exports, Germany released its detailed Q3 GDP report today....
