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Latest estimate: 3.2 percent — March 24, 2023
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2023 is 3.2 percent on March 24, unchanged from March 16 after rounding. An increase in the nowcast of GDP growth from 3.2 percent to 3.5 percent following the March 21 existing-home sales release from the National Association of Realtors was reversed after this morning’s advance manufacturing report from the US Census Bureau.
- GDPNow - Federal Reserve Bank of Atlanta (atlantafed.org)