• 7 hours Even Banks Can't Answer Aramco's Trillion Dollar Question
  • 1 day Will Bezos Buy The Seattle Seahawks?
  • 1 day 6 Tech Trends Transforming The Travel Industry
  • 2 days Ousted Uber CEO Cashes Out $500 Million In Stock
  • 2 days Trump Prepares For Another Key Tariff Decision
  • 2 days The Free Money Bubble Is About To Burst
  • 3 days The Crushing Reality Of Poverty In America
  • 3 days Should You Buy Into The World’s Largest IPO?
  • 3 days The Infinite Possibilities Of Cosmic Energy
  • 4 days Analysts Link Walking To Economic Growth
  • 5 days Will Japan Turn Its Back On The Aramco IPO?
  • 6 days Global Debt Soars To $188 Trillion
  • 6 days The World's Largest Gold Miners Are Getting Creative
  • 7 days Twitter: The Saudi Spy Tool To Bring Down Dissidents
  • 7 days Broad Commodity Funds Don’t Give Enough Exposure To Gold
  • 8 days Here We Go Again: Another Giant Telecoms Mega-Merger
  • 8 days World's Largest Gold Miner Sees Profits Triple
  • 9 days Microsoft Japan Trials 4 Day Work Weeks, Productivity Soars By 40%
  • 9 days Hedge Funds Lose $4 Billion In Four Days As California Wildfires Rage On
  • 10 days New Viral App May Be A National Security Threat In Disguise
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

GDPNow Holds Steady at 0.3% as Low Inflation Adds to GDP, Housing Subtracts

The Atlanta Fed GDPNow Forecast remained at +0.3% following recent economic reports.

Today's grim housing report subtracted a bit from GDP, but the CPI which only rose 0.1% for the month added to GDP.

The net effect of the two cancelled out.

Latest forecast: 0.3 percent -- April 19, 2016

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 0.3 percent on April 19, unchanged from April 13. After last Thursday's Consumer Price Index release from the U.S. Bureau of Labor Statistics, the forecast for first-quarter real consumer spending growth ticked up from 1.8 percent to 1.9 percent. After this morning's report on new residential construction from the U.S. Census Bureau and the Department of Housing and Urban Development, the forecast for real residential investment growth declined from 9.0 percent to 8.5 percent.


GDPNow History

GDPNow

Kudos to the Atlanta Fed for highlighting intermediate effects of economic reports on their charts.

It appears the CPI added roughly 0.1% to GDP while housing subtracted roughly 0.1% from GDP.


Housing Starts and Permits Plunge

For discussion of today's housing report, please see Housing Starts Plunge 8.8%, Permits Plunge 7.7%; Bloomberg Cites "Fundamental Strength"


What's in Your Basket?

Do you think prices are only up 0.9% on the year?

For my take, please see Diving Into the CPI: What's in Your Basket?

 

Back to homepage

Leave a comment

Leave a comment