Q2 GDP Forecasts: Around 2%

From Merrill Lynch: Core retail sales popped 0.5% mom in May with positive revisions. Industrial production and inventories were also solid. The data lifted 2Q GDP tracking by 0.4pp to 2.5% qoq saar . 1Q GDP tracking was unchanged at 3.2%.[June 14 estimate] emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 1.4% for 2019:Q2 and 1.7% for 2019:Q3 [June 14 estimate]. And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2019 is 2.1 percent on June 14 , up from 1.4 percent on ......(read more)

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