Wednesday, May 11, 2016

Whoa: Atlanta Fed Revises Second Quarter GDPnow Forecast Up To 2.2%

From the Federal Reserve Bank of Atlanta's Center for Quantatative Research:
...Latest forecast: 2.2 percent — May 10, 2016
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2016 is 2.2 percent on May 10, up from 1.7 percent on May 4. Since the previous GDPNow update on May 4, the forecast for second-quarter real consumer spending growth increased from 2.6 percent to 3.0 percent and the forecast for second-quarter real fixed investment growth increased from 0.4 percent to 2.2 percent.

The next GDPNow update is Friday, May 13. Please see the "Release Dates" tab below for a full list of upcoming releases.
Evolution of Atlanta Fed GDPNow real GDP forecast