Atlanta Fed GDPNow estimate for 4Q growth ticks up to 11.1% from 11.0% last
Atlanta Fed GDP now estimate for 4Q
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2020 is 11.1 percent on December 1, up from 11.0 percent on November 25. After this morning's Manufacturing ISM Report On Business from the Institute for Supply Management and the construction spending report from the U.S. Census Bureau, an increase in the nowcast of fourth-quarter real government spending growth from 4.4 percent to 4.9 percent was slightly offset by decreases in the nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth from 6.2 percent and 46.7 percent, respectively, to 6.1 percent and 46.6 percent, respectively.
The next GDPNow update is Friday, December 4. Please see the "Release Dates" tab below for a list of upcoming releases.