Friday, July 13, 2018

Q2 GDP Forecasts

by Bill McBride on 7/13/2018 11:17:00 AM

From Merrill Lynch:

We continue to track 3.8% qoq saar for 2Q. [July 13 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 3.9 percent on July 11, up from 3.8 percent on July 6. [July 11 estimate]
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 2.8% for 2018:Q2 and 2.6% for 2018:Q3. [July 13 estimate]
CR Note: These estimates suggest real annualized GDP in the 2.8% to 3.9% range in Q2.