Posted by sbaxman111 on 17th of Aug 2017 at 02:19 pm
The growth rate of real gross domestic product (GDP) is a key
indicator of economic activity, but the official estimate is
released with a delay. Our GDPNow forecasting model provides a
"nowcast" of the official estimate prior to its release.
The GDPNow model forecast for real GDP growth (seasonally adjusted
annual rate) in the third quarter of 2017 is
3.8
percent on August 16, up from 3.7 percent on August
15. The forecast of third-quarter real residential investment
growth increased from -0.5 percent to 3.7 percent after this
morning's new residential construction report from the U.S. Census
Bureau.
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Atlanta Fed forecast
Posted by sbaxman111 on 17th of Aug 2017 at 02:19 pm
The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release.
Recent forecasts for the GDPNow model are available here. More extensive numerical details—including underlying source data, forecasts, and model parameters—are available as a separate spreadsheet.
Latest forecast: 3.8 percent — August 16, 2017
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.8 percent on August 16, up from 3.7 percent on August 15. The forecast of third-quarter real residential investment growth increased from -0.5 percent to 3.7 percent after this morning's new residential construction report from the U.S. Census Bureau.