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Atlanta Fed GDPNow Revised Up To 3.2% For Q1

US DATA
  • The latest Atlanta Fed GDPNow is a reminder of how the economy was growing strongly prior to continued market turmoil from the US regional banks crisis spilling over to European banks today.
  • In part following today’s stronger control group for retail sales, its Q1 GDP tracker was revised up from 2.6% to 3.2%, the highest for the current vintage. If accurate it would edge up from the 3.0% averaged in 2H22.
  • It comes with real consumption growth revised up from 4.4% to 5.0% for Q1, extending highest rates since 1H21.

Source: Atlanta Fed

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