Atlanta Fed GDP rises to 6% for Q1 after latest data

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Real gross domestic product (GDP) in the United States is expected to grow 6%, up from 5.2% on Jan. 29, in the first quarter of 2021, the latest report showed Monday. GDPNow from the Federal Reserve Bank of Atlanta.

“Following this morning’s ISM Business Manufacturing Report from the Institute for Supply Management and the US Census Bureau’s Construction Spending Report, Immediate First Quarter Real Personal Consumption Spending Growth Forecasts and the growth of real gross domestic private investment in the first quarter increased from 1% and 21.7%, respectively, to 2.2% and 22.2%, respectively ”, explained the Atlanta Fed in its publication.

Market reaction

The US Dollar Index It largely ignored this report and was last seen gaining 0.45% on the day at 91.00.

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