- Prior -0.2%. Revised to 0.0%
- 1.7% vs 1.5% exp y/y. Prior 2.1%. Revised to 1.6%
Not a very good revision to the yearly number which trumps the monthly gain.
EUR/USD was a slipping and a sliding before the release and is down to 1.3816 from 1.3847 around 30 minutes ago.
There was a big drop in durables -1.2% vs +1.6% m/m in Jan (-0.6% vs +1.7% y/y). Capital goods fell to zero from +0.7%. It highlights the ever weak European consumer.
One small chink of light is non- durable consumer goods rising 2.8% y/y vs -0.1% prior
EZ IP 14 04 2014
