In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Friday, June 23, 2023

Q2 GDP Tracking: Around 1.5%

by Calculated Risk on 6/23/2023 01:01:00 PM

From BofA:

Overall, data since our last weekly publication moved up our 2Q GDP tracking estimate from 1.3% q/q saar to 1.4% and our 1Q GDP tracking remained at 1.8% q/q saar. [June 23rd estimate]
emphasis added
From Goldman:
[W]e left our Q2 GDP tracking estimate unchanged at +1.8% (qoq ar). [June 22nd estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2023 is 1.9 percent on June 20, up from 1.8 percent on June 15. [June 20th estimate]