The flash Q1 US GDP estimates is due on Thursday so we’re down to the final readings from the Atlanta Fed, which has a good recent track record.
Their latest estimate is 2.7% compared to 2.9% previously.
After recent releases from the US Census Bureau and the National
Association of Realtors, the nowcasts of first-quarter real personal
consumption expenditures growth and first-quarter real gross private
domestic investment growth decreased from 3.5 percent and 3.7 percent,
respectively, to 3.3 percent and 3.5 percent.
The consensus for Thursday’s report is 2.5%, down from 3.4% in Q4.
This article was written by Adam Button at www.forexlive.com.