Atlanta Fed's final GDPNow estimate for Q1-2019 ticks down to 2.7%

"The final GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 2.7 percent on April 25, down from 2.8 percent on April 19," the Federal Reserve Bank of Atlanta reported on Thursday.

"After the National Association of Realtors' existing-home sales release on Monday, April 22, and the U.S. Census Bureau's housing market releases on Tuesday, April 23, the nowcast of first-quarter real residential investment growth declined from 3.5 percent to 1.3 percent."