One Third Of Q1 Economic Growth Was Just “Revised” Away

Monday, March 28, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/28/2016

While the February personal consumption expenditures (aka personal spending) – that all important data about the well-being of the US consumer – was in line with expectations rising 0.1%, it was the January revision that was striking. From a 0.5% increase reported a month ago, it was now revised to a paltry 0.1%. In nominal dollar terms, this means that instead of US consumer spending a whopping $67.5 billion more in January, the increase was a paltry $14.7 billion, a delta of $52.8 billion!

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