Economics Group: Weekly Economic & Financial Commentary – U.S Review
Mixed Signals on the Domestic Front
- The U.S. economy grew at a 2.6 percent annualized pace in the final quarter of 2014. The outturn was weaker than expectations. Equipment spending fell at a 1.9 percent annualized pace as businesses put cap-ex plans on hold, in part, amid the steep drop in oil prices.
- The fourth decline in five months for durable goods orders this week offers no reason to expect investment spending to pick up meaningfully any time soon.
- On the upside, housing and consumer confidence figures reported this week highlight bright spots for future growth.
Follow the link below for the full report.economy