Skip to main content

Nowcast for Real Gross Government Investment: State and Local Government (SLGOVNOW)

Observation:

Q1 2025: 1.8764 (+ more)  Updated: Feb 5, 2025 11:01 AM CST
Q1 2025:  1.8764  
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 2025-02-05
 
Source    
Federal Reserve Bank of Atlanta 2016-05-17 2025-02-05
 
Release    
GDPNow 2016-05-17 2025-02-05
 
Units    
Percent Change at Annual Rate 2016-05-17 2025-02-05
 
Frequency    
Quarterly 2016-05-17 2025-02-05
 
Seasonal Adjustment    
Seasonally Adjusted Annual Rate 2016-05-17 2025-02-05
 
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 2025-02-05

RELEASE TABLES

RELATED DATA AND CONTENT

Data Suggestions Based On Your Search

Content Suggestions

Related Categories

Gov't Investment Gov't Receipts, Expenditures & Investment National Income & Product Accounts National Accounts

Releases

More Series from GDPNow

Tags

Nowcast State & Local Atlanta Fed Projection Investment Gross Government Real Rate Quarterly Copyrighted: Citation Required Seasonally Adjusted Nation United States of America