Published June 11, 2015 11:46am EDT | Updated June 11, 2015 12:06pm EDT

Atlanta Fed's GDPNow Model Upgrades Second-quarter View To 1.9%

The Atlanta Fed's closely watched "nowcast" of second-quarter growth was upgraded sharply, though it's still below the Wall Street consensus. The GDPNow model forecast for real GDP growth was 1.9%, up from 1.1% on June 3, due to retail sales and motor-vehicle sales. The GDPNow forecast is constructed by aggregating statistical model forecasts of 13 subcomponents that comprise GDP.