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Thursday, July 27, 2017
Final 2Q Atlanta Fed GDPNow estimate 2.8% vs. 2.5% last
The Atlanta Feds final estimate for 2Q GDP before the release
tomorrow by the US Commerce Department came in at 2.8% up from 2.5% last
In their own words:
The final GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 2.8 percent on
July 27, up from 2.5 percent on July 19. The forecast of the
contribution of inventory investment to second-quarter growth increased
from 0.54 percentage points to 0.82 percentage points after this
morning's advance reports on durable manufacturing and wholesale and
retail inventories from the U.S. Census Bureau.