SIGN UP FOR THE BREITBART EMAIL NEWSLETTER

BOOM! Atlanta Fed Sees GDP Growing At More Than 4% In Second Quarter

The American economy is expanding at a 4.1% annualized rate in the second quarter, according to the Atlanta Federal Reserve’s GDPNow model.

Domestic factory production grew 1% in April, the largest monthly gain in more than three years, according to government data released Tuesday. Housing starts declined 2.6%.

The forecast for residential investment growth rose to 8.3 percent from 6.0 percent. The forecast for final sales to private purchasers climbed to 3.6 percent from 3.3 percent. Inventory investment is forecast to grow 1.2 percent from 1.0 percent. Much of the inventory growth was concentrated in motor vehicle and parts dealers.

The Atlanta Fed’s GDPNOW provides a real time look at the U.S. economy prior to the release of the official estimate of gross domestic product.

 

 

P.S. DO YOU WANT MORE ARTICLES
LIKE THIS ONE DELIVERED RIGHT TO YOUR INBOX?
SIGN UP FOR THE DAILY BREITBART NEWSLETTER.


Comment count on this article reflects comments made on Breitbart.com and Facebook. Visit Breitbart's Facebook Page.

SIGN UP FOR THE OFFICIAL
BREITBART EMAIL NEWSLETTER

GET TODAY'S TOP NEWS DELIVERED RIGHT TO YOUR INBOX

I don't want to get today's top news.

x