ZeroHedge – US Macro Data Starts Year Worst Since 2008; Goldman Admits “Broad-Based Slowdown” – 4 March 2014

ZeroHedgeSubmitted by Tyler Durden on 03/04/2014 09:07 -0500

Goldman’s February Final Global Leading Index places the global industrial cycle in the “Slowdown” phase, with positive but decreasing Momentum indicating a soft-patch in global growth. The infamous Swirlogram has now shifted to a more negative stance than a year ago as 8 of the 10 factors worsened in Feb. Goldman remains unapologetically optimistic that this is ‘weather’-related but we do note that the weakness is global in nature. In the US, despite beats in ‘select’ data, the US macro surprise index has started the year with its biggest fall since 2008.

Goldman’s Swirlogram has shifted notably to the lower left (from slowdown to contraction) in the past year… as GLI momentum has faded notably year-over-year…

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