Big 0.6% increase in the current week.
- The New York Fed Staff Nowcast for 2017:Q4 stands at 3.8%.
- News from this week's data releases increased the nowcast for Q4 by 0.6 percentage point.
- Industrial production and housing data drove the increase.
Earlier in the session the Atlanta Fed estimate for 4Q GDP rose to 3.4% from 3.2%.