Still showing strong growth
The Atlanta Fed's GDPNow estimate for the 3Q growth remains at 4.4%.
IN their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 4.4 percent on September 19, unchanged from September 14. After this morning's new residential construction release from the U.S. Census Bureau, the nowcast of third-quarter real residential investment growth inched up from -0.7 percent to -0.2 percent.
The next GDPNow update is Thursday, September 27. Please see the "Release Dates" tab below for a full list of upcoming releases.
Meanwhile, the NY Fed GDP Nowcast estimate for the 3Q was released on Friday and it is at odds with their southern district.
They see growth at a more subdued 2.2%.
Other recent estimates show:
- Goldman is at 3.3%
- Barclays is at 3.2%
