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Atlanta Fed GDPNow Trimmed from 5.9% to 5.6% For Q3

US DATA
  • The Atlanta Fed GDPNow has been revised lower to 5.63% for Q3 from 5.91% with the Aug 24 release.
  • Real personal consumption expenditure growth revised down from 4.8% to 4.3% and real gross private domestic investment growth revised down from 12.3% to 11.8%. These were slightly offset by an upward revised net trade contribution from 0.10 to 0.26pps.
  • It follows the 2.06% in Q2 (after yesterday’s downward revision) and 2.00% in Q1.

Source: Bloomberg

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