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Economic Statistics for 28 Feb 14

Real GDP growth for the 4th quarter of 2013 was revised down sharply to an annualized 2.4% from the initial estimate of 3.2%. That means that GDP growth was, in fact, as sub-par as it seemed. The GDP Price index was revised upwards to 1.6%.

The Chicago Purchasing Manager’s Index rose 3.2 points to 59.8 in February.

The Reuter’s/University of Michigan’s consumer sentiment index rose 0.4 points to 81.6 in February.

The Pending Home Sales Index rose 0.1% to 95.0 in January, the first increase since last May.

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