The NY Fed GDP Nowcast estimate for 4Q up to 3.94% from 3.88%

Author: Greg Michalowski | Category: Central Banks

Still remains at the upper extreme of GDP estimates

The NY Fed is out with their latest estimate for 4Q GDP growth.

The current week estimates growth at 3.94% vs 3.8% last week.  Capacity utilization, industrial production and data revisions contributed to the gain this week.  Subtracting was building permits and housing starts. 

For Q1, their estimate, they see 3.07% vs 3.21% last week.  

The Atlanta Fed came out with their estimate for the 4Q yesterday. They see GDP growth at 3.4%. 

The 4th quarter GDP will be released on January 26th. The Bloomberg estimate of economists projections range from 2.5% to 3.7%. The median estimate is 3.0%. 
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