The Atlanta Fed GDPNow growth estimate for Q2 improved to -2.2% from -2.4% on April 9. The GPS meant adjusting for imports and exports of gold also improved to -0.1% from -0.2% last estimate.
in their own words
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -2.2 percent on April 16, up from -2.4 percent on April 9. The alternative model forecast, which adjusts for imports and exports of gold as described here, is -0.1 percent. After recent releases from the US Census Bureau, the US Bureau of Labor Statistics, and the Federal Reserve Board of Governors, both the standard model’s and the alternative model’s nowcasts for first-quarter real personal consumption expenditures growth increased from 0.7 percent to 1.4 percent.
The next GDPNow update is Thursday, April 17. Please see the “Release Dates” tab below for a list of upcoming releases.
This article was written by Greg Michalowski at www.forexlive.com.