05242017Wed
Last updateWed, 24 May 2017 2pm

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Manufacturing & The Economy

U.S. Economy Forecast for 4.1% Second Quarter Growth

The Atlanta Federal Reserve Bank’s GDPNow model forecast for real GDP growth in the second quarter of 2017 is now 4.1%, up from 3.6% on May 12.

The forecast of second-quarter real final sales to private domestic purchasers growth increased from 3.3% to 3.6% after the latest industrial production report from the Federal Reserve Board of Governors. The model’s estimate of the dynamic factor for April increased from 0.32 to 0.59 after the report. The forecast of the contribution of inventory investment to second-quarter real GDP growth increased from 1.00% to 1.20% after the report. 

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