Nowcast for Real Gross Government Investment: State and Local Government

Observations

Q1 2025: 1.8598

Updated: Mar 18, 2025 10:16 AM CDT

Q1 2025:	1.8598
Q4 2024:	2.7052
Q3 2024:	2.1151
Q2 2024:	1.9091
Q1 2024:	2.3070

Units:

Percent Change at Annual Rate,

Seasonally Adjusted Annual Rate

Frequency:

Quarterly

Notes

Title	Release Dates

Nowcast for Real Gross Government Investment: State and Local Government	2016-05-17	2025-03-18

Source

Federal Reserve Bank of Atlanta	2016-05-17	2025-03-18

Release

GDPNow	2016-05-17	2025-03-18

Units

Percent Change at Annual Rate	2016-05-17	2025-03-18

Frequency

Quarterly	2016-05-17	2025-03-18

Seasonal Adjustment

Seasonally Adjusted Annual Rate	2016-05-17	2025-03-18

Notes

The Nowcast for Real Gross Government Investment: State and Local Government uses a nowcasting model to synthesize the bridge equation approach relating GDP subcomponents to monthly source data with factor model and Bayesian vector autoregression approaches. The Federal Reserve Bank of Atlanta’s GDPNow release complements the quarterly GDP release from the Bureau of Economic Analysis (BEA). The Atlanta Fed recalculates and updates their GDPNow forecasts (called “nowcasts”) throughout the quarter as new data are released, up until the BEA releases its “advance estimate” of GDP for that quarter. The St. Louis Fed constructs a quarterly time series for this dataset, in which both historical and current observations values are combined. In general, the most-current observation is revised multiple times throughout the quarter. The final forecasted value (before the BEA’s release of the advance estimate of GDP) is the static, historical value for that quarter. For futher information visit the source at https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1.	2016-05-17	2025-03-18