The Atlanta Fed GDPNow growth estimate for Q2 adjusting for exports and imports of gold failed to -0.4% from -0.1% previously. The unadjusted GDP forecast came in at -2.5% down from -2.2% on April 17.
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -2.5 percent on April 24, down from -2.2 percent on April 17. The alternative model forecast, which adjusts for imports and exports of gold as described here, is -0.4 percent. After recent releases from the US Census Bureau and the National Association of Realtors, both the standard model’s and the alternative model’s nowcasts of first-quarter real gross private domestic investment growth decreased from 8.9 percent to 7.1 percent.
The next GDPNow update is Tuesday, April 29. Please see the “Release Dates” tab below for a list of upcoming releases.
This article was written by Greg Michalowski at www.forexlive.com.
