Calculated Risk: Early GDP Tracking: Solid Start for Q1

by Calculated Risk on 2/09/2024 11:30:00 AM

From BofA:

Next week, we will start 1Q GDP tracking with the January advance retail sales print. [Feb 9th comment]
emphasis added

From Goldman:

We boosted our Q1 GDP tracking estimate by 0.1pp to +2.9% (qoq ar) and we left our domestic final sales forecast unchanged at +3.2% (qoq ar). [Feb 7th estimate]

And from the Altanta Fed: GDPNow

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 3.4 percent on February 8, unchanged from February 7 after rounding. [Feb 8th estimate]