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Today’s Economic Data Enough To Push Q2 GDP By Whopping 0.1% To 0.8%
Tuesday, May 26, 2015 13:10
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zerohedge.com / by Tyler Durden on 05/26/2015 13:20
… at least according to the Atlanta Fed. Based on the one GDP model which hasn’t lost all credibility and which for the past 3 months has captured the attention to wannabe weathermen and other Wall Street strategists, today’s bevy of stronger than expected data, everything from Durable Goods, to core CapEx, to New Home Sales, to Case Shiller, to Consumer Confidence, and even the Richmond Fed was sufficient to push Q2 GDP… by 0.1% to 0.8%.
From the Atlanta Fed GDP Now webpage:
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2015 was 0.8 percent on May 26, up slightly from 0.7 percent on May 19. Following this morning’s advance durable manufacturing report from the U.S. Census Bureau, the forecast for second-quarter real equipment investment growth increased from 3.5 percent to 5.1 percent while the forecast for the change in inventory investment in 2009 dollars increased from -$22 billion to -$19 billion.
The post Today’s Economic Data Enough To Push Q2 GDP By Whopping 0.1% To 0.8% appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/05/26/todays-economic-data-enough-to-push-q2-gdp-by-whopping-0-1-to-0-8-2/
