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Atlanta Fed GDPNow Q1 '23 Latest Estimate Inches Higher

US

The Atlanta Fed's GDPNow model estimate of real GDP growth for the first quarter of 2023 has climbed to 2.4%, up from 2.2% last week. Since last week's data "an increase in the nowcast of first-quarter real personal consumption expenditures growth from 3.0 percent to 3.6 percent was slightly offset by a decrease in first-quarter real gross private domestic investment growth from -5.6 percent to -6.5 percent."

Atlanta Federal Reserve

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