What is Macro Pulse?

Macro Pulse highlights recent activity and events expected to affect the U.S. economy over the next 24 months. While the review is of the entire U.S. economy its particular focus is on developments affecting the Forest Products industry. Everyone with a stake in any level of the sector can benefit from
Macro Pulse's timely yet in-depth coverage.


Wednesday, July 16, 2014

July 2014 Macro Pulse -- From Bad to Worse

In June’s Macro Pulse report, we chronicled that the Bureau of Economic Analysis (BEA) had slashed its estimate of 1Q2014 GDP growth from an initial, seasonally adjusted and annualized rate (SAAR) of +0.1 percent (relative to 4Q2013) to -1.0 percent. We now know, thanks to the second revision, that the -1.0 percent estimate was overly optimistic; the BEA now pegs the contraction at -2.9 percent -- the fastest rate of contraction in five years, and 7.0 percentage points lower than in 3Q2013.
Unusually cold winter weather is the most popular scapegoat for the poor 1Q showing. As highlighted in our June 26 GDP blog post, however,…
Click here to read the rest of the July 2014 Macro Pulse recap.

The Macro Pulse blog is a commentary about recent economic developments affecting the forest products industry. The monthly Macro Pulse newsletter summarizes the previous 30 days of commentary available on this website.
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