Helped by the US trade report today
In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 1.5 percent on March 27, up from 1.3 percent on March 26. After this morning's international trade report from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, the nowcast of the contribution of net exports to first-quarter real GDP growth increased from -0.29 percentage points to 0.12 percentage points, and the nowcast of first-quarter real nonresidential equipment investment growth declined from 2.2 percent to 0.2 percent.
The next report will be on March 29th
Meanwhile WH Hasset is bullish on growth saying he still expects strong US growth in 2nd quarter and remainder of the year.
