Revised estimates left 4th quarter GDP growth unchanged at 1.9% Y/Y, although the composition of growth was altered slightly
Industrial production pulled back in January, largely driven by a drop off in utility production
Durable goods orders growth remains weak but has returned to positive territory at the start of the year
Retail got off to a strong start in 2017, with year-over-year growth in core sales rising back above 4% in January
Employment surged in January, as firms added 227,000 workers to payrolls during the month
Economic Update
Forecasts Hold Steady as Results Point to Accelerating Growth
A UPS Economic Analysis Publication
February 28th, 2017
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By: Ibrahiim Bayaan