Economy Off to Slow Start in 2017

[trottigy]

Quote

The first-quarter performance upset expectations for a Trump bump at the start of 2017.

 

Modest as the headline number looked, it did not come as a surprise to Wall Street — before the report, Wall Street had been looking for growth to come in at 0.9 percent. What is more, many experts said the data was skewed by seasonal factors, like unusually warm temperatures in many parts of the country in January and February.

 

The economy’s weakness reflected new caution among consumers. Other sectors like housing and business investment turned in a stronger showing, but not enough to offset factors like weaker retail sales.

https://nyti.ms/2qeh07R

 

Edited April 28, 2017 by trottigy