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Source: Federal Reserve Bank of St. Louis
Release: St. Louis Fed Economic News Index
Units: Percent Change at Annual Rate, Seasonally Adjusted Annual Rate
Frequency: Quarterly
St. Louis Fed’s Economic News Index (ENI) uses economic content from key monthly economic data releases to forecast the growth of real GDP during that quarter. In general, the most-current observation is revised multiple times throughout the quarter. The final forecasted value (before the BEA’s release of the advance estimate of GDP) is the static, historical value for that quarter. For more information, see Grover, Sean P.; Kliesen, Kevin L.; and McCracken, Michael W. “A Macroeconomic News Index for Constructing Nowcasts of U.S. Real Gross Domestic Product Growth" (https://research.stlouisfed.org/publications/review/2016/12/05/a-macroeconomic-news-index-for-constructing-nowcasts-of-u-s-real-gross-domestic-product-growth/ )
Federal Reserve Bank of St. Louis, St. Louis Fed Economic News Index: Real GDP Nowcast [STLENI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/STLENI, .
Source: Federal Reserve Bank of Atlanta
Release: GDPNow
Units: Percent Change at Annual Rate, Seasonally Adjusted Annual Rate
Frequency: Quarterly
GDPNow is a nowcasting model for gross domestic product (GDP) growth that synthesizes the bridge equation approach relating GDP subcomponents to monthly source data with factor model and Bayesian vector autoregression approaches. The GDPNow model forecasts GDP growth by aggregating 13 subcomponents that make up GDP with the chain-weighting methodology used by the US Bureau of Economic Analysis.
The Federal Reserve Bank of Atlanta's GDPNow release complements the quarterly GDP release from the Bureau of Economic Analysis (BEA). The Atlanta Fed recalculates and updates their GDPNow forecasts (called "nowcasts") throughout the quarter as new data are released, up until the BEA releases its "advance estimate" of GDP for that quarter. The St. Louis Fed constructs a quarterly time series for this dataset, in which both historical and current observations values are combined. In general, the most-current observation is revised multiple times throughout the quarter. The final forecasted value (before the BEA's release of the advance estimate of GDP) is the static, historical value for that quarter.
For futher information visit the Federal Reserve Bank of Atlanta.
Federal Reserve Bank of Atlanta, GDPNow [GDPNOW], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GDPNOW, .
Source: U.S. Bureau of Economic Analysis
Release: Gross Domestic Product
Units: Percent Change from Preceding Period, Seasonally Adjusted Annual Rate
Frequency: Quarterly
BEA Account Code: A191RL
Gross domestic product (GDP) is the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production. GDP is also equal to the sum of personal consumption expenditures, gross private domestic investment, net exports of goods and services, and government consumption expenditures and gross investment. Real values are inflation-adjusted estimates—that is, estimates that exclude the effects of price changes.
For more information about this series, please visit the Bureau of Economic Analysis.
U.S. Bureau of Economic Analysis, Real Gross Domestic Product [A191RL1Q225SBEA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/A191RL1Q225SBEA, .
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