NY Fed Nowcast estimate for 4Q growth falls to 0.6% from 0.8% last week

Author: Greg Michalowski | Category: Central Banks

NY Fed Nowcast estimate for 4Q growth

What?

The NY Fed Nowcast estimate for 4Q GDP growth was cut to 0.6% from 0.8% last week.   Furthermore they see Q1 growth at 0.7%.

The biggest decliners for the week was ISM manufacturing composite index (-0.11%) , ISM manufacturing employment index (-0.07%) nad imports of goods and services (-0.07%).  The largest contributors was total nonfarm payroll (+0.06%, and the civilian unemployment rate (0.03%).

NY Fed Nowcast estimate for 4Q growth
I don't know.....

The Atlanta Fed GDPNow estimate will likely be released shortly. Yesterday it saw 4Q growth at 1.5%. 

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