No change in forecast
The Atlanta Fed GDP tracker continues to see growth this quarter at 3.4% after today's data.
"After this morning's advance durable manufacturing report from the U.S. Census Bureau, the forecast of real nonresidential equipment investment growth inched up from 14.1 percent to 14.2 percent and the forecast of the contribution of inventory investment to fourth-quarter GDP growth inched down from 0.06 percentage points to 0.02 percentage points."
The series has been as low as 2.8% and as high as 4.5% for Q4, but it will still be a long time before first reading is out.
