Atlanta Fed GDPNow stays unchanged three.four% for the third quarter
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The Atlanta Fed GDPNow development estimate for the third quarter got here in unchanged at three.four%.
In their very own phrases:
The GDPNow mannequin estimate for actual GDP development (seasonally adjusted annual fee) within the third quarter of 2024 is three.four % on October 18, unchanged from October 17 after rounding. After this morning’s housing begins report from the US Census Bureau, the nowcast of third-quarter actual residential funding development elevated from -10.1 % to -9.eight %.
The subsequent GDPNow replace is Friday, October 25. 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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