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Q2 GDP Tracking: Around 2%


The preliminary estimate for Q2 GDP is scheduled to be released this coming Thursday, July 27th. The consensus estimate is for real GDP to increase 1.8% SAAR from Q1.

From BofA: Data since our last weekly publication moved up our 2Q GDP tracking estimate from
1.5% q/q saar to 1.6%. [July 21st estimate]
emphasis addedFrom Goldman: We left our Q2 GDP tracking estimate unchanged at +2.5% (qoq ar). Our Q2 domestic final sales growth forecast stands at +2.5%. [July 20th 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 2.4 percent on July 19, unchanged from July 18 after rounding. [July 19th estimate]

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