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Atlanta Fed: GDPNow estimate for actual GDP progress in This autumn falls to 2.5%

“The GDPNow mannequin estimate for actual GDP progress (seasonally adjusted annual price) within the fourth quarter of 2018 is 2.5 % on November 20, down from 2.eight % on November 15,” the Federal Reserve Financial institution of Atlanta reported on Tuesday.

“The nowcast of the contribution of stock funding to fourth-quarter actual GDP progress decreased from -Zero.06 proportion factors to -Zero.16 proportion factors after yesterday morning’s industrial manufacturing report from the Federal Reserve Board of Governors. The nowcast of fourth-quarter actual residential funding progress fell from -2.6 % to -6.three % after this morning’s new residential development launch from the U.S. Census Bureau.”

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