Friday, June 18, 2021

Q2 GDP Forecasts: Around 10%

by Calculated Risk on 6/18/2021 11:33:00 AM

From Merrill Lynch:

Retail sales boosted our 2Q GDP tracking estimate up to 11% qoq saar from 9.5% previously. [June 18 estimate]
emphasis added
From Goldman Sachs:
We left our Q2 GDP tracking estimate unchanged at +9.0% (qoq ar). [June 16 estimate]
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 3.7% for 2021:Q2 and 4.4% for 2021:Q3. [June 18 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 16, down from 10.5 percent on June 15. [June 16 estimate]