GDPNow model lowers forecast… Atlanta Fed

March 28, 2016 by Jim Colburn Leave a Comment

Here is today’s updated GDP forecast from the Atlanta Federal Reserve Bank:

“The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 0.6 percent on March 28, down from 1.4 percent on March 24. After this morning’s personal income and outlays release from the U.S. Bureau of Economic Analysis, the forecast for first-quarter real consumer spending growth fell from 2.5 percent to 1.8 percent. The forecast for the contribution of net exports to first-quarter real GDP growth declined from –0.26 percentage points to –0.52 percentage points following this morning’s advance report on international trade in goods from the U.S. Census Bureau.

The next GDPNow update is Friday, April 1. Please see the “Release Dates” tab below for a full list of upcoming releases””

Here is the link: https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1

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