Atlanta Fed Q1 GDPNow 2.7% vs 2.9% prior
The flash Q1 US GDP estimates is due on Thursday so we're down to the final readings from the Atlanta Fed, which has a good recent track record.Their latest estimate is 2.7% compared to 2.9% previously. After recent releases from the US Census Bureau and the National Association of Realtors, the nowcasts of first-quarter real personal consumption expenditures growth and first-quarter real gross private domestic investment growth decreased from 3.5 percent and 3.7 percent, respectively, to 3.3 percent and 3.5 percent.The consensus for Thursday's report is 2.5%, down from 3.4% in Q4. This article was written by Adam Button at www.forexlive.com.
The flash Q1 US GDP estimates is due on Thursday so we're down to the final readings from the Atlanta Fed, which has a good recent track record.
Their latest estimate is 2.7% compared to 2.9% previously.
After recent releases from the US Census Bureau and the National Association of Realtors, the nowcasts of first-quarter real personal consumption expenditures growth and first-quarter real gross private domestic investment growth decreased from 3.5 percent and 3.7 percent, respectively, to 3.3 percent and 3.5 percent.
The consensus for Thursday's report is 2.5%, down from 3.4% in Q4. This article was written by Adam Button at www.forexlive.com.
