by Calculated Risk on 3/19/2021 11:17:00 AM

Note that the forecasts of the automated systems (based on released data) are declining, whereas the forecasts of economists are increasing.

From Merrrill Lynch:

The net positive revisions to retail sales boosted our 1Q GDP tracking estimate up to 7.0% qoq saar from 5.5% previously. [Mar 19 estimate]
emphasis added

From Goldman Sachs:

[W]e boosted our Q1 GDP tracking estimate by 1.5pp to +7.5% (qoq ar) and lowered our Q2 GDP growth forecast by the same amount (to +9.5%). [Mar 16 estimate]

From the NY Fed Nowcasting Report

The New York Fed Staff Nowcast stands at 6.3% for 2021:Q1 and 1.2% for 2021:Q2. [Mar 19 estimate]

And from the Altanta Fed: GDPNow

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2021 is 5.7 percent on March 17, down from 5.9 percent on March 16. [Mar 17 estimate]