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Atlanta Fed GDPNow Trimmed To 2.0% For Q4

US DATA
  • The Atlanta Fed GDPNow estimate for Q4 is revised down to 2.03% annualized from the 2.26% from the Dec 22 estimate.
  • The downward revision came from private domestic investment (from 0.8% to -0.4%) and real net exports (contribution from -0.1pps to -0.22pps).
  • It follows monthly releases including a larger than expected goods trade deficit and softer than expected retail inventories.
  • The tracker will be updated tomorrow after the ISM manufacturing survey.

Source: Atlanta Fed

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