by Calculated Risk on 7/19/2019 11:58:00 AM

From Merrill Lynch:

Strong retail sales in June boosted our 2Q GDP tracking by 0.6pp to 2.3% qoq saar. [July 19 estimate]
emphasis added

From Goldman Sachs:

We left our Q2 GDP tracking estimate unchanged at +1.4% (qoq ar). [July 17 estimate]

From the NY Fed Nowcasting Report

The New York Fed Staff Nowcast stands at 1.4% for 2019:Q2 and 1.9% for 2019:Q3. [July 19 estimate].

And from the Altanta Fed: GDPNow

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2019 is 1.6 percent on July 17, unchanged from July 16. [July 17 estimate]

CR Note: These estimates suggest real GDP growth will be around 2% annualized in Q2.