Atlanta Fed: US GDPNow estimate for Q1-2019 rises to 1.3%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 1.3 percent on March 26, up from 1.2 percent on March 22," the Federal Reserve Bank of Atlanta said on Tuesday and explained: "After this morning's new residential construction release from the U.S. Census Bureau, the nowcast of first-quarter real residential investment growth increased from 0.6 percent to 1.3 percent."