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Atlanta Fed GDPNow Estimate Climbs to 5.1%

US

The Atlanta Federal Reserve's latest estimate for real GDP growth for Q3 2023 (seasonally adjusted annual rate) has climbed to 5.1% from 4.86% the week prior.

  • After last week's surge in September jobs (+336k vs. +170k est), coupled with this morning's wholesale trade report (INV -0.1%; SALES 1.8%), the "nowcasts of third-quarter real gross private domestic investment growth and third-quarter real government spending growth increased from 5.9 percent and 2.2 percent, respectively, to 6.7 percent and 3.0 percent."

Atlanta Federal Reserve

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