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Atlanta Fed GDPNow Revised Up To 2.1% In Q2 On Stronger Investment

US DATA
  • The Atlanta Fed GDPNow for Q2 was revised up to 2.1% from 1.9% on Jul 3, still similar to the pace S&P Global noted its composite PMI implied.
  • Bloomberg consensus has lifted recently but remains more pessimistic at 1.3%.
  • Revisions: Real gross private investment growth up from 8.8% to 9.6% plus a tiny relative boost from net exports from-0.75pps to -0.72pps.

Source: Atlanta Fed

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