Friday, February 02, 2024

Early GDP Tracking: Solid Start for Q1

From Goldman:
We left our Q1 GDP tracking estimate unchanged on net at +2.8% (qoq ar) and our Q1 domestic final sales estimate also unchanged at +3.2%. [Feb 2nd estimate]emphasis added
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 4.2 percent on February 1, up from 3.0 percent on January 26. [Feb 1st estimate]

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