Atlanta Fed GDPNow estimate for 3Q at 3.7% vs. 3.5% last

Atlanta Fed 3Q GDP estimate.

The Atlanta Fed GDPNow estimate for the 3Q was revised to 3.7% from 3.5% previously (August 9th).

In their words:

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.7 percent on August 15, up from 3.5 percent on August 9. The forecast of the contribution of personal consumption expenditures to third-quarter real GDP growth increased from 1.91 percentage points to 1.97 percentage points after this morning's retail sales release from the U.S. Census Bureau.

The next estimate will be tomorrow.