Estimate for 1Q GDP just above 0.0%
In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 0.2 percent on March 11, down from 0.5 percent on March 8. After this morning's retail sales report from the U.S. Census Bureau, the nowcast of first-quarter real personal consumption expenditures growth declined from 1.5 percent to 1.0 percent.
The Atlanta Fed is well below other estimates. Barclays estimated 2.0% today. The NY Fed Nowcast announced their estimate at 1.4% on Friday.
