The Atlanta Fed GDPNow growth estimate rose sharply to 3.8% from 2.2% helped largely by the sharp rise in net exports. In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 3.8 percent on May 30, up from 2.2 percent on May 27. After recent releases from the US Census Bureau and the US Bureau of Economic Analysis, the nowcast of the contribution of net exports to second-quarter real GDP growth increased from -0.64 percentage points to 1.45 percentage points, while the nowcasts of second-quarter real personal consumption expenditures growth and second-quarter real gross private domestic investment growth declined from 3.7 percent and -0.2 percent, respectively, to 3.3 percent and -1.4 percent.The next GDPNow update is Monday, June 2. Please see the "Release Dates" tab below for a list of upcoming releases.
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