Economy: Atlanta Fed's GDPNow for Q2 Declines to 1.5%

From the Federal Reserve Bank of Atlanta:

...Latest forecast: 1.5 percent — June 28, 2019
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2019 is 1.5 percent on June 28, down from 1.9 percent on June 26. After this morning’s personal income and outlays release from the U.S. Bureau of Economic Analysis (BEA), the nowcast of second-quarter real personal consumption expenditures growth decreased from 3.9 percent to 3.7 percent. After yesterday’s GDP release and this morning’s release of the underlying detail tables of the national income and product accounts, both from the BEA, the nowcast of second-quarter real gross private domestic investment growth fell from -3.8 percent to -4.9 percent.
The next GDPNow update is Monday, July 1. Please see the "Release Dates" tab below for a list of upcoming releases.

And from the Federal Reserve Bank of New York:

Jun 28, 2019: New York Fed Staff Nowcast

• The New York Fed Staff Nowcast stands at 1.3% for 2019:Q2 and 1.2% for 2019:Q3.

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