February featured robust job creation, although the average number hours worked and average weekly earnings both declined during the month.
Small Upward GDP Revision, Consumer Spending Gains: What We Learned During the Week of February 22-26
GDP growth was not as poor as previously thought during Q4 2015 (although still quite weak) while there was a spark in consumer spending during January.
Spark in Manufacturing Activity, Pick Up in Core Consumer Prices: What We Learned During the Week of February 15-19
Manufacturing had its largest single-month increase in activity since last summer (although the sector remains weak) while core consumer prices continue to pick up.
