The Atlanta Fed GDPNow progress estimate for Q2 is available in at 2.5% vs 2.9% final. In their very own phrases:
The GDPNow mannequin estimate for actual GDP progress (seasonally adjusted annual price) within the second quarter of 2025 is 2.5 % on July 1, down from 2.9 % on June 27. After this morning’s releases from the US Census Bureau and the Institute for Provide Administration, the nowcasts of second-quarter actual private consumption expenditures progress and actual gross non-public home funding progress decreased from 1.7 % and -11.1 %, respectively, to 1.5 % and -11.9 %.
The subsequent GDPNow replace is Thursday, July 3. Please see the “Launch Dates” tab beneath for an inventory of upcoming releases.
This text was written by Greg Michalowski at www.forexlive.com.
Source link