11.   Domestically, the chief reason perceptions changed was the downward revision to the second estimate of gross domestic product in the first quarter.

12.   For our visit from the spirit of Economy Present, nothing is as telling as the downward revision of third-quarter gross domestic product numbers.

13.   He cited a more conservative forecast for investment banking earnings and additional Asian loss provisions for his downward revision, the paper said.

14.   Hill said the overall trend is toward more downward revisions, suggesting pessimism about corporate profits.

15.   However, more surprising than the downward revision to the headline figure was the fact that consumer expenditure fell for the first time in three year.

16.   However, most of the downward revision came from a slowdown in production, not accelerating labor costs.

17.   IBES International Inc., another earnings watcher, said that estimates suffered the largest downward revision last month in more than five years.

18.   More downward revisions are expected.

19.   Signs that the recovery may be losing some of its steam came in downward revisions to industrial output today.

20.   Still, bunds recovered in late session after a downward revision to the September inflation report.