Real final sales slowing, and business equipment growth negative:

From the NY Fed, reads like credit growth slowing:

Total Household Debt Rises for 19th Straight Quarter, Now Nearly $1 Trillion Above Previous Peak

The report includes a one-page summary of key takeaways and their supporting data points. Overarching trends from the Report’s summary include:

Housing Debt

Mortgage balances rose by $120 billion, to $9.2 trillion.

Mortgage originations declined to $344 billion from $401 billion, the lowest level seen since the third quarter of 2014.

Mortgage delinquencies improved slightly, with 1.0% of mortgage balances 90 or more days delinquent, down from 1.1% in the fourth quarter of 2018.

Non-Housing Debt

Outstanding student loan debt increased by $29 billion, to $1.49 trillion.

Newly originated auto loans totaled $139 billion, continuing a long-running growth trend.

Credit card balances fell slightly, to $848 billion from $870 billion.

Through year end- credit growth low and slowing:

Only through q3 available:

As of year end:

Rolled over?