The Atlanta Fed GDPNow forecast came out yesterday, the New York Fed Nowcast today.
The GDPNow Forecast and the FRNBNY Nowcast GDP forecasts for the first quarter took a leap towards convergence with the former rising and the latter falling this week.
Nowcast Latest Forecast: 2.7 Percent – March 30, 2018
It’s interesting to watch these models react in opposite ways to the same data. One rose .06 percentage points the other declined 0.2 percentage points.
?The GDPNow forecast jumped 0.6% on Thursday, but 0.5 percentage points was an inventory adjustment.
GDPNow Latest Forecast: 2.4 Percent – March 29, 2018
The GDPNow assessment of real final sales, the bottom-line measure of the economy, is only 1.2%, up 0.1 percentage points from a week ago.
Advance Economic Indicators
On Wednesday, the Census Department posted Advance Reports (preliminary) on U.S. International Trade in Goods, Wholesale Inventories and Retail Inventories.