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Thursday, May 26, 2016

Atlanta Fed GDPNow forecast bumped to 2.9% from 2.5%

The tracking estimate has been slowly creeping higher. The latest bump comes from the rise in headline durable goods and yesterday's advance goods trader report.


 "The forecast for second-quarter real gross private domestic investment growth increased from -0.3 percent to 0.4 percent following this morning's durable manufacturing release from the U.S. Census Bureau. After yesterday's advance report on international trade in goods from the Census Bureau, the forecast for the contribution of net exports to second-quarter real GDP growth increased from -0.04 percentage points to 0.16 percentage points," the report said.

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