Q2 GDP Forecasts

From the Altanta Fed: GDPNow The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2016 is 2.3 percent on July 12, down from 2.4 percent on July 6. From the NY Fed Nowcasting Report The FRBNY Staff Nowcast stands at 2.1% and 2.3% for 2016:Q2 and 2016:Q3, respectively. From Merrill Lynch: Wholesale inventories increased 0.1% mom in May, down from a 0.7% mom increase in the prior month (revised from 0.6% mom initially) and lower than consensus expectations of a 0.2% mom change. The data were a bit above our own expectations, which added 0.2pp......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/29Y21es
via IFTTT