The Atlanta Fed GDPNow growth estimate for Q2 came in at -2.4% up from -2.8% on April 3. The gold adjusted GDP rose to -0.3%. In their own words
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -2.4 percent on April 9, up from -2.8 percent on April 3. The alternative model forecast, which adjusts for imports and exports of gold as described here, is -0.3 percent. After recent releases from the US Census Bureau and the US Bureau of Labor Statistics, both the standard model’s and the alternative model’s forecasts of first-quarter real final sales to private domestic purchasers growth increased from 1.4 percent to 2.0 percent.
The next GDPNow update is Wednesday, April 16. Please see the “Release Dates” tab below for a list of upcoming releases.
This article was written by Greg Michalowski at www.forexlive.com.
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