Atlanta Fed GDPNow Q1 tracker 1.3% vs 1.2% prior Author: Adam Button | Category: News
The latest GDP estimate from the Atlanta Fed's model
The GDPNow reading rose to 1.3% from 1.2% on March 22. It was as low as 0.3% two weeks ago but has made steady gains.
"After this morning's new residential construction release from the U.S. Census Bureau, the nowcast of first-quarter real residential investment growth increased from 0.6 percent to 1.3 percent," the Atlanta Fed said.