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NY  Fed Nowcasting Report, Real GDP Report

  • The advance estimate from the Commerce Department of real GDP growth for 2021:Q1, released on April 29, was 6.4%. The latest New York Fed Staff Nowcast for 2021:Q1 was 6.7%.
  • The New York Fed Staff Nowcast stands at 5.3% for 2021:Q2
  • News from this week's data releases increased the nowcast for 2021:Q2 by 0.7 percentage point.
  • Positive surprises from personal consumption and disposable income data drove the increase.

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