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Atlanta Fed GDPNow Trimmed To Sub-2% For Q4

US DATA
  • The Atlanta Fed GDPNow for Q4 has been revised down to 1.8% annualized from 2.1% with the Nov 22 update. Recall that this follows an even stronger than first thought 5.2% in Q3.
  • Negative revisions: gross private domestic invt from -1.1% to -2.7%, net exports contribution switches from +0.09pps to -0.05pps.
  • Positive revisions: personal consumption from 2.5% to 2.7%.
  • It will release a revised estimate tomorrow.

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