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Monday, May 15, 2017

Early Q2 GDP Forecasts

by Calculated Risk on 5/15/2017 01:05:00 PM

From the Altanta Fed: GDPNow

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 3.6 percent on May 12, unchanged from May 9. The forecast for second-quarter real consumer spending inched up from 2.7 percent to 2.8 percent after [last week's] retail sales release from the U.S. Census Bureau and [last week's] Consumer Price Index report from the U.S. Bureau of Labor Statistics.
emphasis added
From the NY Fed Nowcasting Report
The FRBNY Staff Nowcast stands at 1.9% for 2017:Q2.