No. 612: GDP Revision, February Durable Goods Orders, New-Home Sales

(SGS Subscription required) • Fourth-Quarter GDP Revision Was Little More than Statistical Noise;
First-Quarter GDP Contraction Remains Likely
• Real Durable Goods Orders on Track for 9.0% Annualized First-Quarter Contraction
• New Deflated and “Corrected” Durable Goods Series Confirm No Recovery
• New Homes Sales Down Year-to-Year for Second Month, Pattern Not Seen Since Series Trough in 2011

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