Rises by 0.2% since the last reading
In their own words:
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 3.4 percent on November 17, up from 3.2 percent on November 15. The forecast of real GDP growth increased 0.3 percentage points to 3.5 percent after yesterday's industrial production release from the Federal Reserve Board of Governors. The forecast of real residential investment growth declined from 4.6 percent to 2.2 percent after this morning's new residential construction report from the U.S. Census Bureau.
The next GDPNow update is Wednesday, November 22.
