Atlanta Fed Nowcast rises to 2.8% from 2.6% previously

Newest estimate for 4Q GDP growth from the Atlanta Fed

The Atlanta Fed has raised its forecast for 4Q GDP to 2.8% from 2.6% last week

In their own words:

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 2.8 percent on December 3, up from 2.6 percent on November 29. The nowcasts of fourth-quarter real consumer spending growth and fourth-quarter real private fixed investment growth increased from 3.2 percent and 4.1 percent, respectively, to 3.5 percent and 4.3 percent, respectively, after this morning's construction spending report from the U.S. Census Bureau and this morning's Manufacturing ISM Report On Business from the Institute for Supply Management. The model's estimate of the dynamic factor for November-normalized to have mean 0 and standard deviation 1 and used to forecast the yet-to-be released monthly GDP source data-increased from 0.24 to 0.70 after the ISM report this morning.

The next report will be on December 6