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Friday, May 28, 2021

Q2 GDP Forecasts: Around 10%

by Calculated Risk on 5/28/2021 11:17:00 AM

From Merrill Lynch:

We continue to track 11% qoq saar after robust capex data this week [May 28 estimate]
emphasis added
From Goldman Sachs:
We lowered our Q2 GDP tracking estimate by 0.5pp to +9.5% (qoq ar) to reflect the higher price deflator and the composition of the nominal spending revisions. [May 28 estimate]
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 4.3% for 2021:Q2. [May 28 estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2021 is 9.3 percent on May 28, up from 9.1 percent on May 27. [May 28 estimate]