New York Fed weekly tracker

  • Q1 2019 to 1.2% from 1.1%

Both quarters got 0.1 pp increases.

"Positive surprises from manufacturing data accounted for most of the increase. A negative surprise from the Philadelphia Fed manufacturing survey partially offset the increase for 2019:Q1," the report said.

Most firms have been downgrading GDP this week but the NY Fed was already low and these estimates are still on the soft side, especially for Q1.