by Calculated Risk on 7/02/2021 01:34:00 PM
Friday, July 02, 2021
Q2 GDP Forecasts: Revised Down, under 10%
From BofA:
The construction spending data sliced another 0.5pp from 2Q GDP tracking, leaving us at a still impressive 9.5% qoq saar. [July 2 estimate]From Goldman Sachs:
emphasis added
We left our Q2 GDP tracking estimate unchanged at +8.5% (qoq ar). [July 2 estimate]From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 3.2% for 2021:Q2 and 3.9% for 2021:Q3. [July 2 estimate]And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2021 is 7.8 percent on July 2, down from 8.6 percent on July 1. [July 2 estimate]