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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
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Thursday, August 27, 2015

2Q2015 Gross Domestic Product: Second (Preliminary) Estimate

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The Bureau of Economic Analysis (BEA) estimated 2Q2015 growth in real U.S. gross domestic product (GDP) at a seasonally adjusted and annualized rate of 3.70%, up +1.38 percentage points from the previous (“advance”) estimate and up +3.06 percentage points from 1Q. All groupings of GDP components contributed to 2Q growth: Personal consumption expenditures (PCE), private domestic investment (PDI), net exports (NetX), and government consumption expenditures (GCE). 
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This report included significant upward revisions to the growth rate contributions from commercial fixed investment (+0.52%), inventories (+0.30%, or a record $136.2 billion QoQ change in nominal SAAR terms) and government spending (+0.33%). Consumer spending was revised upward a more modest +0.13%, and the net impact of exports and imports was also revised upward +0.10%.
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.

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