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Atlanta Fed GDPNow 2.7% vs 3.0% prior

2024-12-30FOREXLIVEFOREXLIVE
The latest GDP tracker from the Atlanta Fed

Today marks one month until the initial release of Q2 GDP and the Atlanta Fed model is taking down its estimate to 2.7% from 3.0% in light of today's economic data.

"After recent releases from the US Census Bureau, the US Bureau of Economic Analysis, and the National Association of Realtors, a decrease in the nowcast of the contribution of the change in real net exports to second-quarter real GDP growth from -0.56 percentage points to -0.95 percentage points was partially offset by an increase the nowcast of second-quarter real gross private domestic investment growth from 8.3 percent to 8.8 percent."
GDPNow

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