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Title : Latest Forecast: Unchanged -- 2Q17 GDP -- June 26, 2017
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Latest Forecast: Unchanged -- 2Q17 GDP -- June 26, 2017

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Latest forecast: 2.9 percent — June 26, 2017.

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 2.9 percent on June 26, unchanged from June 16.

The forecasts of the contributions of real nonresidential equipment and inventory investment to second-quarter real GDP growth declined from 0.15 and 0.76 percentage points to 0.12 and 0.69 percentage points, respectively, after this morning's durable manufacturing report from the U.S. Census Bureau.

The forecast of second-quarter real residential investment growth increased from -0.3 percent to 2.5 percent after Friday's new-home sales release from the Census Bureau.

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