Friday, May 13, 2016

Atlanta Fed Revises Second Quarter GDP Estimate UP to 2.8%

This is in addition to Tuesday's half point increase: "Whoa: Atlanta Fed Revises SecondQuarter GDPnow Forecast Up To 2.2%"

From the Federal Reserve Bank of Atlanta's Center for Quantitative Economic Research:

...Latest forecast: 2.8 percent — May 13, 2016

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2016 is 2.8 percent on May 13, up from 2.2 percent on May 10. After this morning's retail sales report from the U.S. Census Bureau, the forecast for second-quarter real consumer spending growth increased from 3.0 percent to 3.7 percent. 
The next GDPNow update is Tuesday, May 17. Please see the "Release Dates" tab below for a full list of upcoming releases.
Evolution of Atlanta Fed GDPNow real GDP forecast