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Atlanta Fed GDPNow Estimate Inches Higher

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The Atlanta Federal Reserve's latest estimate for real GDP growth for Q4 2023 (seasonally adjusted annual rate) has inched up to 1.3% from 1.2% the week prior.
  • After recent data from BLS, BEA and ISM, Atlanta Fed said the "nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth increased from 1.8 percent and -3.2 percent, respectively, to 1.9 percent and -2.9 percent, while the nowcast of the contribution of the change in real net exports to fourth-quarter real GDP growth decreased from 0.01 percentage points to -0.06 percentage points."

Atlanta Federal Reserve

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