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Many commentators are predicting a drop in demand following the rush, and price falls in some parts of the country.
Still, the extent of the revision, to a decline of 1.2percentt, surprised economists who had been predicting a drop of 0.8percentt.
The economy has already contracted by 3.16% this year and analysts are predicting a drop of 4.5% for 2009 as a whole.
Expectations for house prices increased marginally during the month, with consumers expecting the cost of property to rise by 0.1% during the coming six months, compared with predicting a drop of 0.1% in August.
Hochberg is recommending shorting the IDU exchange traded fund, predicting a drop below the Oct. 2002 lows.
Outsourcing firm Accenture releases results late Thursday with analysts predicting a drop in quarterly profit to 63 cents a share from 67 cents last year.
Similar(53)
Simulation also predicted a drop in prediction accuracy in case of RR-BLUP for traits controlled by a small number of QTL [ 44].
The study showed that an increase in TLC reliably predicts a corresponding rise in CD4 count but a falling TLC did not similarly predict a drop in CD4 count (98% versus 63% positive and negative predictive values respectively.
Analysts had predicted a drop of $4.5 billion in January.
Analysts had predicted a drop, but nothing like that.
Analysts had predicted a drop in house prices following the Brexit vote.
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CEO of Professional Science Editing for Scientists @ prosciediting.com