Atlanta Fed GDPNow progress estimate for This fall 2024 2.four% versus 2.6% on January 2

Atlanta Fed GDPNow progress estimate for This fall 2024 falls to 2.four% versus 2.6% on January 2.

In their very own phrases:

The GDPNow mannequin estimate for actual GDP progress (seasonally adjusted annual charge) within the fourth quarter of 2024 is 2.four p.c on January three, down from 2.6 p.c on January 2. After this morning’s Manufacturing ISM Report on Enterprise from the Institute for Provide Administration, the nowcasts of fourth-quarter actual private consumption expenditures progress and fourth-quarter actual gross non-public home funding progress decreased from three.2 p.c and -Zero.7 p.c, respectively, to three.Zero p.c and -Zero.9 p.c.

The subsequent GDPNow replace is Tuesday, January 7. Please see the “Launch Dates” tab under for a listing of upcoming releases.

This text was written by Emma Wang at www.ubaidahsan.com.



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