Atlanta Fed GDPNow comes in unchanged at 3.4% for 4Q

Unchanged from the prior report.

The Atlanta Fed GDPNow estimate for 4Q growth came in at 3.4%. That is unchanged from the prior release.

The US 4Q GDP will be released tomorrow in the US. So this is the final estimate. The Bloomberg estimate for QoQ annualized growth is for 3.0% vs 3.2% in the 3Q. The low estimate is 2.2%, while the high forecast is at 3.8%.

In their own words:

The final GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 3.4 percent on January 25, unchanged from January 18. The forecast of fourth-quarter real residential investment growth decreased from 10.2 percent to 9.5 percent after yesterday's existing-home sales release from the National Association of Realtors and this morning's housing market releases from the U.S. Census Bureau. This morning's Advance Economic Indicators release from the Census Bureau has been rescheduled for Friday morning due to the federal government shutdown.