The Atlanta Federal Reserve's GDPNow model forecast for the United States' Q4 GDP growth has been updated, initially dropping from 2.26% to 2.03%, and later adjusted down further to 2.0%. Subsequently, after the release of the ISM Manufacturing data, the forecast was revised upwards to 2.51%. The adjustments were made following changes in the nowcasts of Q4 personal consumption expenditures (PCE) growth and Q4 gross private domestic investment growth, which increased from 2.4% and -0.4%, respectively, to 2.9% and 0.5%.
The Atlanta Fed's GDPNow model estimate for Q4 GDP growth (SAAR) jumped to 2.5% from 2%. https://t.co/w7CVWbVcl6
๐บ๐ธ United States Atlanta Fed GDPNow $USD Actual: 2.5% ๐ข Expected: 2.0% Previous: 2.0%
WE ARE SO BACK! (US) Atlanta Fed GDPNow: Raises Q4 GDP from 2.0% to 2.5% https://t.co/03yQSasxqV
US ATLANTA #FED GDPNOW INDEX Q4: 2.51% (PREV 2.03%)
Atlanta Fed Q4 GDP estimate raised to 2.51% from 2.03% "After this morningโs release of the ISM Manufacturing the nowcasts of Q4 PCE growth and Q4 gross private domestic investment growth increased from 2.4% and -0.4% , respectively, to 2.9 percent and 0.5 percent" https://t.co/RfkNOXE1me
๐ธ US ATLANTA FED GDPNOW INDEX Q4: 2.51% (PREV 2.03%)
US Atlanta Fed GDPNow Index Q4: 2.51% (prev 2.03%) https://t.co/GIJHH2ZMsR https://t.co/zjS3UzVBNP
๐บ๐ธ United States Atlanta Fed GDPNow (Q4) $USD Actual: 2.0% ๐ด Expected: 2.3% Previous: 2.3%
The Atlanta Fed's ๐บ๐ธ Q4 GDPNow forecast is now at +2.0% down from +2.3% https://t.co/afFtdI1TYa
Atlanta Fed GDPNow down to 2.03% from 2.26%