GDP Now: 2.9 Percent

May 26th, 2016 10:54 am | by John Jansen |

Via the Atlanta Fed:

Latest forecast: 2.9 percent — May 26, 2016

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2016 is 2.9 percent on May 26, up from 2.5 percent on May 17. The forecast for second-quarter real gross private domestic investment growth increased from -0.3 percent to 0.4 percent following this morning’s durable manufacturing release from the U.S. Census Bureau. After yesterday’s advance report on international trade in goods from the Census Bureau, the forecast for the contribution of net exports to second-quarter real GDP growth increased from -0.04 percentage points to 0.16 percentage points.

Be Sociable, Share!
  1. 1 Trackback(s)

  2. May 26, 2016: 2:00PM Water Cooler 5/26/2016 | naked capitalism

Post a Comment