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Federal Reserve Economic Data

FRED Economic Data, St. Louis FED

Nowcast for Real Imports of Goods (IMPORTSGOODSNOW)

Observations

Q1 2025: 34.7513
Updated: Mar 6, 2025 11:01 AM CST
Next Release Date: Mar 17, 2025
Q1 2025:  34.7513  
Q4 2024:  1.0638  
Q3 2024:  9.5581  
Q2 2024:  5.1548  
Q1 2024:  5.8890  
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Seasonally Adjusted Annual Rate

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(a) Nowcast for Real Imports of Goods, Percent Change at Annual Rate, Seasonally Adjusted Annual Rate (IMPORTSGOODSNOW)

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    Nowcast for Real Imports of Goods
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    Notes

    Source: Federal Reserve Bank of Atlanta  

    Release: GDPNow  

    Units:  Percent Change at Annual Rate, Seasonally Adjusted Annual Rate

    Frequency:  Quarterly

    Notes:

    The Nowcast for Real Imports of Goods uses a nowcasting model to synthesize the bridge equation approach relating GDP subcomponents to monthly source data with factor model and Bayesian vector autoregression approaches.

    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 source at https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1.

    Suggested Citation:

    Federal Reserve Bank of Atlanta, Nowcast for Real Imports of Goods [IMPORTSGOODSNOW], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IMPORTSGOODSNOW, March 13, 2025.

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    Tags

    Nowcast Atlanta Fed Projection Imports Goods Real Rate Quarterly Copyrighted: Citation Required Seasonally Adjusted Nation United States of America

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