Click image
for larger version
The
Bureau
of Economic Analysis (BEA) revised 1Q2015 growth in real U.S. gross
domestic product (GDP ) up by over
0.5 percentage point, to a seasonally adjusted and annualized rate of -0.17%
(in line with expectations)
-- essentially “splitting the difference” between the “advance” estimate of
+0.25% issued in April and May’s revision to -0.75%. Personal consumption
expenditures (PCE) and private domestic investment (PDI) contributed to 1Q
growth, while net exports (NetX) and government consumption expenditures (GCE)
subtracted from it.
Click image
for larger version
Contributions
to the headline number improved among nearly all major categories in this
revision: Exports +0.24%; fixed investment +0.16%; consumer spending on goods
+0.12%; inventories +0.12%; governmental spending +0.09%; and consumer spending
on services +0.08%. Only imports rained on the
upward revision parade, subtracting an additional -0.23% from the headline
number.
The foregoing comments represent the
general economic views and analysis of Delphi Advisors, and are provided solely
for the purpose of information, instruction and discourse. They do not
constitute a solicitation or recommendation regarding any investment.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.