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GDPNow Estimate Unchanged Following Trade and Factory Orders Reports
mishtalk.com / Mike “Mish” Shedlock / April 4, 2017
The Atlanta Fed GDPNow model remains unchanged, at 1.2%, following today’s international trade and factory orders reports.
Latest forecast: 1.2 percent — April 4, 2017
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is 1.2 percent on April 4, unchanged from April 3. The forecast of the contribution of net exports to first-quarter real GDP growth increased from -0.17 percentage points to -0.12 percentage points after this morning’s international trade release from the U.S. Census Bureau. The forecast of the contribution of inventory investment to first-quarter growth declined from -0.76 percentage points to -0.80 percentage points after this morning’s manufacturing report from the Census Bureau.
The post GDPNow Estimate Unchanged Following Trade and Factory Orders Reports appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/04/04/gdpnow-estimate-unchanged-following-trade-and-factory-orders-reports/
