“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 2.1 percent on April 2, unchanged from April 1,” the Federal Reserve Bank of Atlanta reported on Tuesday.
” After this morning’s advance durable manufacturing report from the U.S. Census Bureau, the nowcast of first-quarter real nonresidential equipment investment growth inched up from 3.7 percent to 4.0 percent, and the nowcast of the contribution of inventory investment to first-quarter real GDP growth inched down from 0.27 percentage points to 0.21 percentage points.”
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