Still a solid 4.3%
It's still early for Q3 growth estimates but so far it's looking good. The estimate remained at 4.3% after today's data.
"The nowcast of third-quarter real personal consumption expenditures growth increased from 2.9 percent to 3.1 percent. This increase was offset by a decline in the nowcast of third-quarter real nonresidential structures investment growth from 3.0 percent to -1.6 percent after this morning's industrial production release from the Federal Reserve Board of Governors," the report says.
