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Monday, June 21, 2021

NY Fed Q2 GDP Nowcast 4.90% vs 5.07% last week

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The latest GDP tracker

Q2 is going to be a tough quarter to forecast because of reopening bottlenecks and inventory troubles but the latest model from the NY Fed puts it at 4.9% from 5.07% a week ago.

“Negative impacts from advanced retail sales, industrial production, and
capacity utilization data accounted for most of the decrease,” they wrote.

The latest GDP tracker

It’s more than two months before we get the first look at Q2. The range of possibilities remains extremely wide.
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