Nowcasting Update: July 1, 2106

First, permit me to say a quick ‘Bonjour!’ as I’m presently in Paris.  And I’m editing this BLOG on my iPad…this is a challenge!

You have to respect my commitment, right?   In Paris…on vacation…and STILL BLOGGING!?!  Yes, I’m certifiable.   But the BLOG must go on!   🙂

What I’ve said above is probably the most exciting thing about today’s blog.   Frankly, today’s Nowcast update, as you’ll see below, is so consistent…it’s a yawner.

But that’s OK.   Consistency is good.   Take a look:

After the Nowcast ‘spike’ a few weeks ago, the GDP has been trending slightly downward.   You may recall the ‘final’ GDP reading for 2016: Q1 came in at 1.1%.   Q2 will most certainly show a better result, but it too is likely to be somewhat muted.   Again, I think we’ll see a 1.8% to 2.0% GDP figure when the first Q2 ‘estimate’ is released on July 29th.

Steady as she goes ……

– Terry Liebman