1Q15 GDP Forecast Updated Last Friday -- April 27, 2015

For those who care (all three of us), this is really, really cool. This is GDPNow, updated as of April 24, 2015. One can't get much more current than that when it comes to a) government data; and, b) GDP forecasts.

From GDPNow:

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2015 was 0.1 percent on April 24, unchanged from April 16.

The real GDP growth nowcast ticked up to 0.2 percent on April 22 when that morning's existing home sales release from the National Association of Realtors boosted the model's nowcast of residential investment growth.

The GDP growth nowcast fell back to 0.1 percent this morning as the durable goods manufacturing report from the U.S. Census Bureau reduced the nowcasts of both equipment and inventory investment.

GDPNow absolutely needs to develop an app for the new Apple Watch so one can check on GDP forecast at the top of every hour, 24/7. LOL.