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GDPNow Lowered To Nearer 2% After Domestic Demand Hit

US DATA
  • The Atlanta Fed’s GDPNow for real GDP growth in Q1 has been revised firmly lower to 2.12% from the 2.96 in yesterday’s update, driven by today’s construction spending and ISM manufacturing survey.
  • Revisions: personal consumption revised down from 3.0% to 2.2%, private domestic investment revised down from 3.0% to 1.1%.

Source: Atlanta Fed

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