Atlanta Fed GDPNow improves to -2.2% from -2.four% on the final estimate
The Atlanta Fed GDPNow development estimate for Q2 improved to -2.2% from -2.four% on April 9. The GPS meant adjusting for imports and exports of gold additionally improved to -Zero.1% from -Zero.2% final estimate.
in their very own phrases
The GDPNow mannequin estimate for actual GDP development (seasonally adjusted annual fee) within the first quarter of 2025 is -2.2 p.c on April 16, up from -2.four p.c on April 9. The choice mannequin forecast, which adjusts for imports and exports of gold as described right here, is -Zero.1 p.c. After latest releases from the US Census Bureau, the US Bureau of Labor Statistics, and the Federal Reserve Board of Governors, each the usual mannequin’s and the choice mannequin’s nowcasts for first-quarter actual private consumption expenditures development elevated from Zero.7 p.c to 1.four p.c.
The subsequent GDPNow replace is Thursday, April 17. Please see the “Launch Dates” tab under for a listing of upcoming releases.
This text was written by Emma Wang at www.ubaidahsan.com.
Source link
Leave a Reply
Want to join the discussion?Feel free to contribute!