Atlanta Fed 2Q GDPNow index rises to 1.2% from 1.1% previously
The Atlanta Fed GDPNow tracker for 2Q growth has risin modestly to 1.2% from 1.1% reported just yesterday. The report yesterday tumbled from 1.7% to 1.1% after the weaker retail sales report.
In their words today:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2019 is 1.2 percent on May 16, up from 1.1 percent on May 15. After this morning's new residential construction release from the U.S. Census Bureau, the nowcast of second-quarter real residential investment growth increased from -5.4 percent to -3.6 percent.
The next report will be Friday May 24
