Atlanta Fed US GDPNow unch at 1.2% after today’s data

Latest update from the Atlanta Fed
Latest forecast: 1.2 percent – April 4, 2017
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is on April 4, unchanged from April 3. The forecast of the contribution of net exports to first-quarter real GDP growth increased from -0.17 percentage points to -0.12 percentage points after this morning’s international trade release from the U.S. Census Bureau. The forecast of the contribution of inventory investment to first-quarter growth declined from -0.76 percentage points to -0.80 percentage points after this morning’s manufacturing report from the Census Bureau.