Atlanta Fed’s “GDPNow,” 2quarterly growth rate 1.4% raised
The Federal Reserve Bank of Atlanta’s real-time estimate, “GDPNow,” 2presented the quarterly growth rate at an annualized rate over the previous quarter of 1.4%. Investors use this figure to gauge domestic demand trends and export channels in the United States.
The Federal Reserve Bank of Atlanta’s real-time growth-rate estimation model, “GDPNow,” 7said on (local time) that this year’s 2quarterly growth rate was presented at an annualized rate over the previous quarter of 1.4%. This figure is a reference for investors assessing the direction of the economy and export demand.
This estimate was 1the figure presented on 1.2% previously, 0.2percentage points higher. The model updates the figure by reflecting the latest publicly available indicators.
The Atlanta Fed explained that 2the first estimate for the quarter was released on 4month 30day at 3.7%, and that the immediately preceding estimate was the lowest level.
Looking at the detailed items reflected in the model, the growth rate of real private investment was revised downward from 6.5% to 6.0%. Meanwhile, although the contribution of net exports—exports minus imports—to growth was negative, the negative impact from imports narrowed.
'GDPNow' frequently changes its estimates based on incoming economic indicators and is a metric that investors consult before the release of official statistics (the advance estimate from the U.S. Department of Commerce). The Atlanta Fed said this update was based on the latest indicators reflected on 7 day (local time).
Sources: 연합인포맥스
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.