McRocket
Gold Member
- Apr 4, 2018
- 5,031
- 707
- 275
- Banned
- #1
'U.S. retail sales unexpectedly fell in December, posting the worst drop in nine years in a sign of slower economic momentum at year-end amid financial market turmoil and the government shutdown.
The value of overall sales fell 1.2 percent from the prior month after a downwardly revised 0.1 percent increase in November, according to Commerce Department figures released Thursday after a four-week delay due to the shutdown. That missed all economist estimates in a Bloomberg survey that had called for a 0.1 percent gain.'
Bloomberg - Are you a robot?
The usually, VERY accurate GDPNow just slashed it's Q4 GDP growth from 2.7% all the way down to 1.5%.
GDPNow - Federal Reserve Bank of Atlanta
If the above holds...that would mean GDP growth for 2018 would have been a tepid 2.8%.
So much for Trump's booming economy.
The value of overall sales fell 1.2 percent from the prior month after a downwardly revised 0.1 percent increase in November, according to Commerce Department figures released Thursday after a four-week delay due to the shutdown. That missed all economist estimates in a Bloomberg survey that had called for a 0.1 percent gain.'
Bloomberg - Are you a robot?
The usually, VERY accurate GDPNow just slashed it's Q4 GDP growth from 2.7% all the way down to 1.5%.
GDPNow - Federal Reserve Bank of Atlanta
If the above holds...that would mean GDP growth for 2018 would have been a tepid 2.8%.
So much for Trump's booming economy.