Q2 GDP Tracking: Around 2%
Plenty of data next week! Note that the Blue Chip consensus is wide - and currently around 1%. From the Atlanta Fed: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 2.3 percent on May 8, up from 2.2 percent on May 6. After this morning’s wholesale trade report from the US Census Bureau, the nowcast of the contribution of inventory investment to annualized second-quarter real GDP growth increased from -0.46 percentage points to -0.43 percentage points. [May 8th estimate]
Plenty of data next week! Note that the Blue Chip consensus is wide - and currently around 1%.
From the Atlanta Fed:
From the Atlanta Fed:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 2.3 percent on May 8, up from 2.2 percent on May 6. After this morning’s wholesale trade report from the US Census Bureau, the nowcast of the contribution of inventory investment to annualized second-quarter real GDP growth increased from -0.46 percentage points to -0.43 percentage points. [May 8th estimate]
