No change in the GDP tracking estimate for Q2

From the NY Fed:

  • The effects of this week's news were small and on balance left the nowcast for 2017:Q2 unchanged and nudged the 2017:Q3 nowcast down by 0.2 percentage point.
  • The most significant news of the week came from the ISM release. Its negative effect was mostly offset by the positive effect of data revisions, especially for 2017:Q2.