The Atlanta Fed’s first-quarter GDP growth estimate rose to 1.1% according to its GDPNow model. That’s up 0.9% from its previous reading earlier this week. In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2022 is 1.1 percent on April 8, against 0.9% on April 5. Following this morning’s wholesale trade release from the US Census Bureau, the nowcast for gross real growth in private domestic investment in the first quarter fell from -1.0% to -0.1%.
The next release will be April 14.