Headline Fourth-Quarter GDP Revision from 2.6% to 2.5%
Was Just a 0.01% Rounding Difference, from 2.55% to 2.54%

Fortuitously, a Sharp Downside Revision to the Goods Sector Was
Just Offset by Revised Gains in the Structures and Nebulous Services Sectors

First-Quarter 2018 GDP Increasingly Looks Like a Contraction

Better-Quality Economic Measures Still Show No Economic Expansion

Boosted by Public Spending, January Real Construction Spending Still
Dropped 0.2% (-0.2%) Month-to-Month, 0.2% (-0.2%) Year-to-Year,
Holding Shy of Recovering Its Pre-Recession Peak by 21.0% (-21.0%)

Faltering Annual Real Growth in Construction Spending
Continued in a Pattern Last Seen Leading into the 2007 Recession