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Friday, June 04, 2021

Q2 GDP Forecasts: Around 10%

by Calculated Risk on 6/04/2021 05:36:00 PM

From Merrill Lynch:

We continue to track 11% qoq saar for 2Q GDP. [June 4 estimate]
emphasis added
From Goldman Sachs:
Following this morning's data, we left our Q2 GDP tracking estimate unchanged at +9.5% (qoq ar). [June 4 estimate]
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 4.4% for 2021:Q2 and 5.4% for 2021:Q3. [June 4 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 10.3 percent on June 1, up from 9.3 percent on May 28. [June 1 estimate]