Richmond Fed GDPNow update

Discussion in 'Economics' started by Covertibility, Jun 11, 2015.

  1. Q2 2015 GDP bumped up to 1.9% from 0.9% a month ago


    The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2015 was 1.9 percent on June 11, up from 1.1 percent on June 3. The nowcast for second-quarter real consumer spending growth was revised up from 2.1 percent to 2.4 percent following last week's release on motor vehicle sales from the U.S. Bureau of Economic Analysis, and from 2.4 percent to 2.9 percent following this morning's retail sales report from the U.S. Census Bureau.


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