Atlanta Fed GDPNow
The Atlanta Fed GDPNow growth estimate for Q2 growth came in at -1.8%, unchanged from the previous estimate. In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -1.8 percent on March 26, unchanged from March 18 after rounding. After recent releases from the US Census Bureau and the National Association of Realtors, the nowcast of first-quarter real gross private domestic investment growth decreased from 9.1 percent to 8.8 percent. The alternative model forecast, which adjusts for imports and exports of gold as described here, is 0.2 percent.
The next GDPNow update is Friday, March 28. Please see the “Release Dates” tab below for a list of upcoming releases.
Of note is the last line from the Atlanta Fed, the alternative model forecast adjusted for imports and exports of gold is +0.2%. That is down from 0.3% on March 18.
