Atlanta GDPNow growth estimate for Q2 unchanged at -2.2%

The Atlanta Fed GDPNow growth estimate for Q2 remain unchanged at -2.2%. The gold import and export adjusted GDP also remains unchanged at -0.1%.

In their own words:

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -2.2 percent on April 17, unchanged from April 16 after rounding. The alternative model forecast, which adjusts for imports and exports of gold as described here, is -0.1 percent. After this morning’s housing starts report from the US Census Bureau, both the standard model’s and the alternative model’s nowcasts of first-quarter real residential fixed investment growth decreased from 3.7 percent to 2.9 percent.

The next GDPNow update is Thursday, April 24. Please see the "Release Dates" tab below for a list of upcoming releases.