The estimate is down from the March 7th reading.
The Atlanta Fed GDPNow estimate for 1st quarter growth fell to 2.5% versus 2.8% last.
In their own words:
"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 2.5 percent on March 9, down from 2.8 percent on March 7. The nowcast of first-quarter real consumer spending growth fell from 2.5 percent to 2.2 percent and the nowcast of first-quarter real private fixed investment growth fell from 3.4 percent to 2.4 percent after this morning's employment report from the U.S. Bureau of Labor Statistics. The model's estimate of the dynamic factor for February-normalized to have mean 0 and standard deviation 1 and used to forecast the yet-to-be released monthly GDP source data-declined from 1.62 to 0.96 after the employment report."
