The Atlanta Fed GDPNow for Q1 is revised down from 2.3% to 2.0% annualized, one of the lowest readings for the current vintage.
It takes into account the ISM surveys (overall services stronger than expected but still marginally weaker on the month), nonfarm productivity, factory orders and wholesale data amongst others.
Despite recent downward revisions to personal consumption, it follows a solid bounce for GDP in 2H22 with an average 3.0% annualized after the -1.1% in 1H22.

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The Atlanta Fed GDPNow for Q1 is revised down from 2.3% to 2.0% annualized, one of the lowest readings for the current vintage.
It takes into account the ISM surveys (overall services stronger than expected but still marginally weaker on the month), nonfarm productivity, factory orders and wholesale data amongst others.
Despite recent downward revisions to personal consumption, it follows a solid bounce for GDP in 2H22 with an average 3.0% annualized after the -1.1% in 1H22.

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Atlanta Fed GDPNow Trimmed A Little Further For Q1