Atlanta Fed GDPNow 2.9% versus 2.four% final

The Atlanta Fed GDP progress estimate for Q2 rose to 2.9% from 2.four% on July 25. The estimate is the ultimate for Q2. Tomorrow the superior US GDP will likely be launched at eight:30 AM ET.

In their very own phrases:

The ultimate GDPNow mannequin estimate for actual GDP progress (seasonally adjusted annual price) within the second quarter of 2025 is 2.9 % on July 29, up from 2.four % on July 25. After this morning’s Advance Financial Indicators report from the US Census Bureau, a decline within the nowcast of actual gross personal home funding progress from -11.7 % to -12.7 % was greater than offset by a rise within the nowcast of the contribution of internet exports to actual GDP progress from three.31 share factors to four.04 share factors.

The subsequent GDPNow replace is Thursday, July 31 however will probably be the intial estimate for Q3.

This text was written by Emma Wang at investinglive.com.