Forex

Atlanta Fed GDPNow estimate for Q2 development unchanged at 2.7%


The Atlanta Fed is out with its most up-to-date estimate for Q2 development after the latest financial information. The final reported on Might 4. In their very own phrases:

The GDPNow mannequin estimate for actual GDP development (seasonally adjusted annual price) within the second quarter of 2023 is 2.7 % on Might 8, unchanged from Might 4 after rounding. After final week’s employment scenario report from the US Bureau of Labor Statistics and this morning’s wholesale commerce report from the US Census Bureau, a rise within the nowcast of second-quarter actual gross personal home funding development from 2.7 % to 4.2 % was offset by a lower within the nowcast of second-quarter actual private consumption expenditures development from 2.1 % to 1.8 %, whereas the nowcast of the contribution of the change in actual internet exports to second-quarter actual GDP development elevated from 0.31 proportion factors to 0.35 proportion factors.

The subsequent launch will not be till Might 16.

This text was written by Greg Michalowski at www.forexlive.com.



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Greg Michalowski
Greg Michalowski

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