Atlanta Fed ultimate Q3 GDPNow estimate: 2.eight% vs three.three% prior
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The ultimate Q3 tracker is out from the Atlanta Fed and it is a sizeable downgrade to 2.eight% from three.three%. The official report is due out tomorrow.
“After this morning’s Advance Financial Indicators launch from the US
Census Bureau, the nowcast of the contribution of internet exports to
third-quarter actual GDP development fell from Zero.04 proportion factors to -Zero.38
proportion factors,” the report mentioned.
The consensus for tomorrow’s GDP report is three.Zero%.
This text was written by Adam Button at www.ubaidahsan.com.
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