Down from 3.1% last week
This week's NY Fed GDP Nowcast has come in at 3.0%. That is down from 3.1%.
The biggest positive impact this week was ISM mfg composite index which added 0.14 this week. The employment component of the same index added 0.11.
On the negative side, new single family houses sold subtracted -0.14 and real personal consumption expenditures took off -0.12%.
The Atlanta Fed GDPNow forecast was released yesterday. They projected 1Q GDP at 3.5%, up sharply from 2.6% on February 27th.
