GDPNow: 13.6%

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2021 is 13.6 percent on May 4, up from 13.2 percent on May 3. After this morning’s releases from the U.S. Census Bureau and the Bureau of Economic Analysis, the nowcasts of second-quarter real personal consumption expenditures growth and second-quarter real gross private domestic investment growth increased from 12.1 percent and 32.2 percent, respectively, to 12.5 percent and 33.5 percent, respectively.

Link: GDPNow – Federal Reserve Bank of Atlanta (atlantafed.org)