The Atlanta Fed GDPNow estimate comes in at 2.5%

2nd quarter GDP estimate moves up from the estimate low of 2.4%

The Atlanta Fed GDPNow estimate for Q2 rose to 2.5% from a low estimate of 2.4% on July 14th. The high water mark was the first estimate at 4.3%.

In their words:

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 2.5 percent on July 19, up from 2.4 percent on July 14. The forecast of second-quarter real residential investment growth increased from -1.6 percent to -0.6 percent after this morning's new residential construction report from the U.S. Census Bureau.

The next estimate will be on Thursday, July 27th.