Source: Atlanta Fed
Source: Atlanta Fed
Asia UnhedgedReal-time intel on what moves markets

Atlanta Fed GDP growth forecast for Q1 drops to 1.3%

The drop is far below consensus range from just several days ago.

March 8, 2017 12:07 AM (UTC+8)

The Atlanta Fed’s GDP tracking model now shows US growth of only 1.3% for the first quarter of this year, down from 1.8% on March 1. The drop comes after disappointing figures from Thursday’s motor vehicle sales release from the US Bureau of Economic Analysis and yesterday’s manufacturing report from the US Census Bureau.