Following up on the earlier "Federal Reserve Second Quarter GDP Estimates Now Range From 4.3% To 9.3%".
From the Federal Reserve Bank of Atlanta:
Latest estimate: 10.3 percent — June 1, 2021
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2021 is 10.3 percent on June 1, up from 9.3 percent on May 28. After this morning's Manufacturing ISM Report On Business from the Institute for Supply Management and the construction spending report from the U.S. Census Bureau, the nowcasts of second-quarter real personal consumption expenditures growth and second-quarter real gross private domestic investment growth increased from 8.6 percent and 20.7 percent, respectively, to 9.5 percent and 22.0 percent, respectively.
The next GDPNow update is Tuesday, June 8. Please see the "Release Dates" tab below for a list of upcoming releases.
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The New York Fed NowCast remains UNCH at +4.3% until the next update on Friday.
