GDPNow

GDPNow is the new thing from the economic forecasters at the Federal Reserve Bank of Atlanta. It’s a real time forecast of real GDP that’s continuously updated (well, as continuously as new data announcements … so pretty much daily).

This gives it a big lead time over — several weeks — over the federal government, whose preliminary estimate comes out 4 weeks after the end of the quarter.

Here’s the forecast for 2014 II as of July 10:

It’s still 3 weeks until the official number comes out.