Atlanta Fed GDPNow estimate for Q1 growth
The Atlanta Fed GDPNow estimate for Q1 growth remains unchanged at 2.5%. In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2023 is 2.5 percent on April 18, unchanged from April 14 after rounding. After this morning's housing starts report from the US Census Bureau, the nowcast of first-quarter real residential investment growth increased from -5.8 percent to -5.5 percent.
The next report will be released on April 26th