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Atlanta Fed GDPNow Clears 4% For Q3

US DATA
  • The Atlanta Fed GDPNow kicks up higher again in the still early days of the Q3 tracker, now seen at 4.1% from the 3.9% in the Aug 1 update.
  • Upward revisions to private investment (from 5.2% to 8.1%) offset decreases for personal consumption (from 3.5% to 3.2%) and government spending (from 2.9% to 2.7%).
  • If accurate, it would mark a particularly strong rebound from the 2.4% of Q2 and 2.0% of Q1 (itself revised higher multiple times) for the strongest quarter of GDP growth since 4Q21.

Source: Atlanta Fed

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