Industrial Production Revised Meaningfully Lower,
Dominated by Much-Weaker Manufacturing, As Predicted

Signals Mount for First-Quarter GDP Contraction, as the
Fourth-Quarter 2017 Disaster-Recovery Boom Turns to a Bust

Real Durable Goods Orders, Both Aggregate and Ex-Commercial-Aircraft,
Showed an Unfolding Flat-to-Minus First-Quarter, Versus a Fourth-Quarter Boom

Real New Orders Activity Remained Shy in Aggregate by 8.0% (-8.0%), and in
Ex-Commercial Aircraft by 5.3% (-5.3%) from Recovering Pre-Recessions Highs

Still Shy by 11.2% (-11.2%) of Recovering its Pre-Recession Peak,
February Freight Index Hit a Post-Recession High

Both New- and Existing-Home Sales Showed Large Fourth-Quarter Gains
Turning into Large First-Quarter Contractions

Monthly New- and Existing-Home Sales Were Mixed, but Held
Shy of Their Pre-Recession Peaks by 55.5% (-55.5%) and 23.8% (-23.8%)