New York Fed bumps Q1 GDP tracker, estimate for Q2 jumps

The weekly Nowcast from the New York Fed

The tracker from the New York Fed ticked higher to 1.40% from 1.31% for Q1 while the Q2 estimate rose to 1.95% from 1.62%.

"For 2019:Q2, news from this week's data releases had a sizable positive impact, increasing the nowcast by 0.3 percentage point. Positive surprises from the ISM manufacturing survey accounted for most of the action," the report said.