The GDPNow model estimate for real GDP growth in the second quarter of 2025 is 1.1 percent on May 1, down from 2.4 percent on April 30.

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is **1.1 percent** on May 1, down from 2.4 percent on April 30. After this morning’s releases from the US Census Bureau and the Institute for Supply Management, the nowcast of second-quarter real personal consumption expenditures growth and real private fixed investment growth fell from 3.3 percent and 1.4 percent, respectively, to 1.9 percent and -0.7 percent.

[GDPNow - Federal Reserve Bank of Atlanta](https://www.atlantafed.org/cqer/research/gdpnow)