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Q2 GDP Tracking: Around 2%


From BofA: Data since our last weekly publication moved up our 2Q GDP tracking estimate from
1.4% q/q saar to 1.5%. [July 14th estimate]
emphasis addedFrom Goldman: We boosted our Q2 GDP tracking estimate by one tenth to +2.3% (qoq ar). Our Q2 domestic final sales growth forecast stands at +2.6%. [July 10th estimate]And from the Altanta Fed: GDPNowThe GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2023 is 2.3 percent on July 10, up from 2.1 percent on July 6. After recent releases from the US Bureau of Economic Analysis, the US Bureau of Labor Statistics, and the US Census Bureau, the nowcast of second-quarter real gross private domestic investment growth increased from 9.6 percent to 10.5 percent. [July 10th estimate] Reports Weekly Active Inventory Down 2% YoY; New Listings Down 21% YoY

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