“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 0.3 percent on March 4, unchanged from March 1,” the Federal Reserve Bank of Atlanta reported on Monday.
“After this morning’s construction spending release from the U.S. Census Bureau, the nowcast of first-quarter real nonresidential structures investment decreased from -0.8 percent to -2.7 percent and the nowcast of first-quarter real residential investment increased from -13.2 percent to -11.0 percent.”
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