Atlanta Fed GDPNow growth estimate for Q2 -1.8 versus -2.1 previously

The Atlanta Fed GDPNow growth estimate for Q2 improved to -1.8% from -2.1% previously:

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 18, up from -2.1 percent on March 17. After this morning’s releases from the US Census Bureau, the US Bureau of Labor Statistics, and the Federal Reserve Board of Governors, the nowcast for first-quarter real gross private domestic investment growth increased from 7.2 percent to 9.1 percent. Due to FOMC blackout policy, today’s post does not include an update of the version of the model described here that adjusts the standard GDPNow model forecast for foreign trade in gold. That adjusted model will again be updated after our first scheduled post-blackout update on March 26.

The low watermark was -2.8%. The high was close to 4%.

The next GDPNow update is Wednesday, March 26. Please see the “Release Dates” tab below for a list of upcoming releases.

This article was written by Greg Michalowski at www.forexlive.com.