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Atlanta Fed GDPNow Q1 '23 Latest Estimate Climbs to 2.1%

US

The Atlanta Fed's GDPNow model estimate of real GDP growth for the first quarter of 2023 has climbed to 2.1%, up from 0.7% on Feb 1. Since last week's data "nowcasts of first-quarter gross personal consumption expenditures growth, and first-quarter gross private domestic investment growth increased from 1.9 percent and -9.3 percent, respectively, to 3.0 percent and -6.2 percent, respectively."


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The Atlanta Fed's GDPNow model estimate of real GDP growth for the first quarter of 2023 has climbed to 2.1%, up from 0.7% on Feb 1. Since last week's data "nowcasts of first-quarter gross personal consumption expenditures growth, and first-quarter gross private domestic investment growth increased from 1.9 percent and -9.3 percent, respectively, to 3.0 percent and -6.2 percent, respectively."


Keep reading...Show less