FYI: The first release of Q4 2015 GDP came in at +0.7% QoQ SAAR, versus +0.8% QoQ SAAR expected. The miss was a combination of slower consumer spending, weak fixed investment, inventory headwinds, and a very weak state and local government spending figure. Overall, consumers had the strongest spending year (+3.1% YoY in real terms) in 2015 since 2004, and while inventories are still very high, companies are liquidating them without slashing production, an ultimately healthy process.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/first-release-of-q4-2015-gdp-weak-but-good-news-for-workers/
