by Calculated Risk on 5/12/2023 03:22:00 PM
Friday, May 12, 2023
Early Q2 GDP Tracking: Wide Range
From BofA:
Overall, incoming data this week pushed down our 1Q US GDP tracking estimate from 1.0% q/q saar to 0.9% q/q saar. [May 12th estimate]And from the Altanta Fed: GDPNow
emphasis added
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2023 is 2.7 percent on May 8, unchanged from May 4 after rounding. [May 8th estimate]