The Q1 GDP was released this week, leading to new estimates for Q2 from the Atlanta Fed GDPNow growth model.
In its first estimate yesterday, it forecasts a 2.4% growth rate. Today, that story is different with the estimate now at 1.1%.
As the data releases happen, volatility in the index can be quite substantial especially at the start of the process.
In their own words for today:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 1.1 percent on May 1, down from 2.4 percent on April 30. After this morning’s releases from the US Census Bureau and the Institute for Supply Management, the nowcast of second-quarter real personal consumption expenditures growth and real private fixed investment growth fell from 3.3 percent and 1.4 percent, respectively, to 1.9 percent and -0.7 percent.
The next GDPNow update is Tuesday, May 6. Please see the “Release Dates” tab below for a list of upcoming releases.
This article was written by Greg Michalowski at www.forexlive.com.