Atlanta Fed: GDPNow estimate for Q1-2019 rises to 2.4%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 2.4 percent on April 17, up from 2.3 percent on April 8," the Federal Reserve Bank of Atlanta said on Wednesday.

"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 0.20 percentage points to 0.50 percentage points, and the nowcast of first-quarter real nonresidential equipment investment growth decreased from 4.8 percent to 2.1 percent."