Economists expect Q3 GDP to grow at an annual rate of 2%, up from the 1.7% growth rate in Q2. The “advance” (first look, followed by 2 revisions) GDP is usually heavily revised because the government does not have all the components to plug into its model as yet. For instance, September’s trade data has not yet been released, so the bean counters just plug in an assumption.
We trade it because it is available, but it’s pretty much a crock, when you get right down to it…
