Latest from the ATL FED:
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2016 is 2.3 percent on July 12, down from 2.4 percent on July 6. The forecast of the contribution of inventory investment to second-quarter real GDP growth ticked down from -0.50 percentage points to -0.55 percentage points after this morning’s wholesale trade report from the U.S. Census Bureau.
The next GDPNow update is Friday, July 15. Please see the “Release Dates” tab below for a full list of upcoming releases.
Something is odd in most Gov’t datasets tend to decay overtime. Overstating or manipulation of statistics?