It’s still very early in the quarterly cycle so the numbers are volatile.
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 3.8 percent
on June 5, down from 4.6 percent on June 2. After recent releases from
the US Census Bureau, the US Bureau of Economic Analysis, and the
Institute for Supply Management, the nowcasts of second-quarter real
personal consumption expenditures growth and real gross private domestic
investment growth decreased from 4.0 percent and 0.5 percent,
respectively, to 2.6 percent and -2.2 percent, while the nowcast of the
contribution of net exports to annualized second-quarter real GDP growth
increased from 1.36 percentage points to 2.01 percentage points.
I wouldn’t get too excited about this.
This article was written by Adam Button at www.forexlive.com.
