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A Tale Of Two GDP Nowcasts

US DATA
  • Yesterday’s Atlanta Fed GDPNow was revised up marginally higher to 2.5% annualized for Q1 in still early days for the tracker [white line below], following what was seen as 2.9% realized GDP growth in Q4 judging by the advance release.
  • On the flip side, the St Louis Fed’s equivalent, its Economic News Index, has just been revised down from +0.35 to -1.1% for Q1 [yellow]. This index uses economic content from key monthly economic data releases.



Atlanta Fed GDPNow (white), St Louis ENI (yellow) and realized GDP (green)Source: Bloomberg

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