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Atlanta Fed GDPNow Estimate Recedes to 1.1%

US
The Atlanta Federal Reserve's latest estimate for real GDP growth for Q1 '23 (seasonally adjusted annual rate) falls to 1.1% from 2.5% on April 18.
  • After recent data released by US Census Bureau and the US National Association of Realtors, "nowcasts of first-quarter real personal consumption expenditures growth and first-quarter real gross private domestic investment growth decreased from 4.2 percent and -5.8 percent, respectively, to 2.7 percent and -8.0 percent.
  • The nowcast of the contribution of the change in real net exports to first-quarter real GDP growth increased from 0.26 percentage points to 0.30 percentage points."

Altanta Federal Reserve

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