• 823 days Will The ECB Continue To Hike Rates?
  • 824 days Forbes: Aramco Remains Largest Company In The Middle East
  • 825 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,225 days Could Crypto Overtake Traditional Investment?
  • 1,230 days Americans Still Quitting Jobs At Record Pace
  • 1,232 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,235 days Is The Dollar Too Strong?
  • 1,235 days Big Tech Disappoints Investors on Earnings Calls
  • 1,236 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,238 days China Is Quietly Trying To Distance Itself From Russia
  • 1,238 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,242 days Crypto Investors Won Big In 2021
  • 1,242 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,243 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,245 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,246 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,249 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,250 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,250 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,252 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

GDPNow Bounces to 2.9% Following Durable Goods Report

On the back of a greater than expected increase in Durable Goods Orders this morning, the Atlanta Fed GDPNow model rose from 2.5% to 2.9%.


Latest GDPNow Forecast: 2.9 Percent -- May 26, 2016

GDPNow

"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2016 is 2.9 percent on May 26, up from 2.5 percent on May 17. 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."


2nd Quarter GDP Estimates

  1. Atlanta Fed: 2.9% -- Updated May 26
  2. New York Fed: 1.7% -- Updated May 20
  3. Markit: 0.7% -- Updated May 25

Markit bases its forecast on a weakening service sector. For details, please see Service Sector Growth Weakest Since 2009; Markit Economist Estimates 0.7% GDP.

 

Back to homepage

Leave a comment

Leave a comment