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, June 24, 2015

1Q2015 Gross Domestic Product: Third (Final) Estimate

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.