Atlanta GDP estimate rises to +0.3% from +0.1%

Despite the headline decline in GDP, they see higher consumer spending

The Atlanta fed GDP estimate rose to his +0.3% from +0.1% previously.

They cited the following:

"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 0.3 percent on April 13, up from 0.1 percent on April 8. After this morning's retail sales report from the U.S. Bureau of the Census, the forecast for first-quarter real consumer spending growth increased from 1.6 percent to 1.8 percent."