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Atlanta Fed GDPNow Revised Higher Again to 4.4% For Q4

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  • Revised up from 4.0 to 4.4% in the early stages of Q4 tracker, but if accurate would mark a further strong bounce from the 2.6% in Q3 after -1.1% averaged through 1H22, certainly adding to FOMC commentary that the economy isn't currently in recession.
  • Revised after retail sales, IP and business inventories, a stronger contribution from consumer spending does the lifting (3.3pps from 2.9pps).

Source: Atlanta Fed

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  • Revised up from 4.0 to 4.4% in the early stages of Q4 tracker, but if accurate would mark a further strong bounce from the 2.6% in Q3 after -1.1% averaged through 1H22, certainly adding to FOMC commentary that the economy isn't currently in recession.
  • Revised after retail sales, IP and business inventories, a stronger contribution from consumer spending does the lifting (3.3pps from 2.9pps).

Source: Atlanta Fed