The GDPNow growht estimate for the Q2 rose to 2.2% from 1.1% prior. In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 2.2 percent on May 6, up from 1.1 percent on May 1. After recent releases from the US Bureau of Labor Statistics, the US Census Bureau, and the US Bureau of Economic Analysis, the nowcasts of second-quarter real personal consumption expenditures growth and real private fixed investment growth increased from 1.9 percent and 1.3 percent, respectively, to 3.3 percent and 3.6 percent.
The next GDPNow update is Thursday, May 8. Please see the “Release Dates” tab below for a list of upcoming releases.
This article was written by Greg Michalowski at www.forexlive.com.