Atlanta Fed final Q3 GDPNow estimate: 2.8% vs 3.3% prior

The final Q3 tracker is out from the Atlanta Fed and it’s a sizeable downgrade to 2.8% from 3.3%. The official report is due out tomorrow.

“After this morning’s Advance Economic Indicators release from the US
Census Bureau, the nowcast of the contribution of net exports to
third-quarter real GDP growth fell from 0.04 percentage points to -0.38
percentage points,” the report said.

The consensus for tomorrow’s GDP report is 3.0%.

This article was written by Adam Button at www.forexlive.com.