Free Markets, Free People

Economic Statistics for 27 Feb 15

The first revision to 4Q 2015 GDP was dropped to a 2.2% annualized rate, from the originally reported 2.6%. On the plus side, though, much of the decrease was in inventory investment revisions, while the final sales of domestic product component was revised up to 3.2% from 2.8%.

The Chicago PMI pounded into below-50 negative territory in February, falling from 59.4 to 45.8. Monday, we’ll see if the Chicago PMI presages a national decline in the PMI.

The University of Michigan’s consumer sentiment index rose 1.8 points in February, to 95.4.

The National Association of Realtors’ pending home sales index rose 1.7% in January to a moderately strong 104.2.

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