December 6, 2022

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Atlanta Fed GDPNow Q2 forecast 7.4% vs 7.6% prior

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The first Q2 GDP release is on Thursday

The first Q2 GDP release is on Thursday

The consensus estimate for US GDP is 8.6% annualized but the Atlanta Fed’s tracker is well below that at 7.4%.

“After recent releases from the National Association of Realtors and the
U.S. Census Bureau, the nowcast of second-quarter real gross private
domestic investment growth decreased from 3.9 percent to 2.8 percent,” the release said.

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