The Atlanta Fed's GDPNow estimate for Q1 2024 has increased to 2.8%, up from the previous estimate of 2.4%. This rise is attributed to a strong March retail sales performance.
Atlanta Fed: 2.8% Goldman: 3.1% 🇺🇸 #GDP https://t.co/LsdJaWMvGZ
"A strong March retail sales print means the Atlanta Fed GDPNow is back up to 2.8% (from 2.4%)." @M_McDonough https://t.co/lqeNCHThnT
US Atlanta Fed GDPNow Q1: 2.8% (prev 2.4%) https://t.co/xWeRUTFL3V
Atlanta Fed GDPNow estimate rises four tenths to +2.8%, https://t.co/uaAb6aYqSd
On April 15, the #GDPNow model nowcast of real GDP growth in Q1 2024 is 2.8%: https://t.co/T7FoDdgYos #ATLFedResearch Download our EconomyNow app or go to our website for the latest GDPNow nowcast: https://t.co/NOSwMl7Jms https://t.co/TGDrAe8XIt