Latest forecast: 1.0 percent —
March 24, 2017: The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is 1.0 percent on March 24, up from 0.9 percent on March 16.
The forecast for first-quarter real nonresidential equipment investment growth increased from 7.3 percent to 7.8 percent after this morning's durable manufacturing report from the U.S. Census Bureau.
The forecast of the contribution of inventory investment to first-quarter growth increased from –0.87 percentage points to –0.77 percentage points after last Friday's industrial production release from the Federal Reserve Board.Is "pathetic" spelled with two "e's" or just one?
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The Peggy Lee Page
See this link to North Dakota -- Peggy Lee (from a reader). What a great country!
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