Atlanta Fed GDP estimate for 2Q
The Atlanta Fed has raised their estimate for 2Q GDP growth to 1.4% versus 1.3% in the previous report.
In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2019 is 1.4 percent on July 10, up from 1.3 percent on July 3. The nowcast of second-quarter real GDP growth increased 0.1 percentage points on July 5 after the release of the employment report by the U.S. Bureau of Labor Statistics.
The next release will be on Tuesday, July 16
The advanced GDP report will be released on July 26th. These forecasts will stop after the first estimate is released on that day and focus will then focus on the 3Q growth estimates.
