The Atlanta Fed is at the low end of estimates.
The Atlanta Fed GDPNow forecast for 1Q GDP was raised to 0.4% from 0.2% after today's economic reports (see chart below). In their own word:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 0.4 percent on March 13, up from 0.2 percent on March 11. After reports on durable manufacturing and construction spending were released by the U.S. Census Bureau this morning, the nowcast of first-quarter real gross private domestic investment growth increased from -2.9 percent to -2.4 percent, and the nowcast of first-quarter real government expenditures growth increased from 1.7 percent to 2.5 percent.
