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Friday, April 19, 2024

Q1 GDP Tracking: Movin' on Up

by Calculated Risk on 4/19/2024 11:31:00 AM

From BofA:

Since our update last week, 1Q GDP tracking is up two-tenths to 2.1% q/q saar. [Apr 19th estimate]
emphasis added
From Goldman:
We left our Q1 GDP forecast unchanged at +3.1% (qoq ar) and our domestic final sales forecast also unchanged at +3.1% (qoq ar). [Apr 18th estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 2.9 percent on April 16, up from 2.8 percent on April 15. [April 16th estimate]