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Friday, March 31, 2017
The Atlanta Fed GDPNow estimate for 1Q GDP growth 0.9% versus 1.0% last
The mmost recent Atlanta Fed GDP now estimate for first-quarter GDP growth comes in at 0.9% versus 1% last.
In their words:
"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is 0.9 percent on
March 31, down from 1.0 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 1.4 percent to 0.8 percent. The forecast of the contribution
of net exports to first-quarter real GDP growth increased from -0.49
percentage points to -0.16 percentage points after Tuesday's Advance
Economic Indicators Report from the U.S. Census Bureau."