Atlanta Fed GDPNow latest estimate: 0.7% Q1

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2022 is 0.7 percent on February 9, unchanged from February 8 after rounding.

''After this morning’s wholesale trade release from the US Census Bureau, the nowcast of the contribution of inventory investment to first-quarter real GDP growth decreased from -2.40 percentage points to -2.41 percentage points.

The next GDPNow update is Wednesday, February 16.''