Atlanta Fed GDP now rises to 2.8% from 2.7% in the current week

Author: Greg Michalowski | Category: Central Banks

Ticks up on the week.

The Atlanta Fed GDPNow estimate for 4Q GDP growth ticked up to 2.8% from 2.7% as reported on Friday.

In their own words:

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 2.8 percent on January 10, up from 2.7 percent on January 5. The forecasts of the contributions of net exports and inventory investment to fourth-quarter real GDP growth increased from -0.63 percentage points and -0.46 percentage points, respectively, to -0.60 percentage points and -0.42 percentage points, respectively, after this morning's report on import and export prices from the U.S. Bureau of Labor Statistics and this morning's wholesale trade release from the U.S. Census Bureau.
The next estimate will be released on Friday.

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