The Atlanta Federal Reserve's latest estimate for real GDP growth for Q2 '23 (seasonally adjusted annual rate) is currently 2.7%, unchanged from week ago level.

  • After last Friday's April jobs gain and this morning's Wholesale trade data, "an increase in the nowcast of second-quarter real gross private domestic investment growth from 2.7 percent to 4.2 percent was offset by a decrease in the nowcast of second-quarter real personal consumption expenditures growth from 2.1 percent to 1.8 percent.
  • Meanwhile the nowcast of the contribution of the change in real net exports to second-quarter real GDP growth increased from 0.31 percentage points to 0.35 percentage points.


US: Atlanta Fed GDPNow Estimate

Last updated at:May-08 16:41By: Bill Sokolis

The Atlanta Federal Reserve's latest estimate for real GDP growth for Q2 '23 (seasonally adjusted annual rate) is currently 2.7%, unchanged from week ago level.

  • After last Friday's April jobs gain and this morning's Wholesale trade data, "an increase in the nowcast of second-quarter real gross private domestic investment growth from 2.7 percent to 4.2 percent was offset by a decrease in the nowcast of second-quarter real personal consumption expenditures growth from 2.1 percent to 1.8 percent.
  • Meanwhile the nowcast of the contribution of the change in real net exports to second-quarter real GDP growth increased from 0.31 percentage points to 0.35 percentage points.