Atlanta Fed: GDPNow estimate for real GDP growth in Q3 unchanged at 4.3%

Eren Sengezer FXStreet

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 4.3 percent on August 15, unchanged from August 9," the Federal Reserve Bank of Atlanta reported on Wednesday.

Key quotes

After this morning's retail sales report from the U.S. Census Bureau, the nowcast of third-quarter real personal consumption expenditures growth increased from 2.9 percent to 3.1 percent.
This increase was offset by a decline in the nowcast of third-quarter real nonresidential structures investment growth from 3.0 percent to -1.6 percent after this morning's industrial production release from the Federal Reserve Board of Governors.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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