We Could See Below 2% Q1 GDP Growth

Conclusion

The net result of the retail sales and industrial reports is falling Q1 GDP growth estimates. Both reports were more of the same in a sense because the consumer kept on chugging along and the manufacturing sector is still in a slowdown. Elaborating on that, the consumer will not drag Q1 GDP growth to a strong print if February and March are the same as January. It seems like the days of negative yearly manufacturing and industrial production growth are numbered.  

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