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Friday, July 06, 2018

Q2 GDP Forecasts

by Calculated Risk on 7/06/2018 08:51:00 PM

From Merrill Lynch:

The [trade] data bumped up 2Q GDP tracking by a tenth to 3.8% qoq saar. [July 6 estimate].
emphasis added
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 3.8 percent on July 6, down from 4.1 percent on July 2. [July 6 estimate]
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 2.8% for 2018:Q2 and 2.7% for 2018:Q3. [July 6 estimate]
CR Note: These estimates suggest real annualized GDP in the 2.8% to 3.8% range in Q2.