Atlanta Fed: GDPNow initial estimate for Q2:2019 is 1.3%

"The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2019 is 1.3 percent on April 29," the Federal Reserve Bank of Atlanta said on Monday.

"The initial estimate of first-quarter real GDP growth released by the U.S. Bureau of Economic Analysis on April 26 was 3.2 percent, 0.5 percentage points above the final GDPNow model nowcast released the previous day."