Final week at 2.48%
The NY Fed Nowcast estimate for the 4Q GDP got here in at 2.49% within the present week. That was up by the slimmest of margins from final week (2.48%).
The most important contributor was ADP (+Zero.03%). The most important decliner was ISM composite index (-Zero.03%).
For the 1Q of 2019, the estimate within the present week stayed regular at 2.14%.
The Atlanta Fed GDPNow estimate was launched yesterday. They estimate progress at 2.6%. That was after the weaker ISM report. The subsequent estimate will likely be launched on Tuesday. I might count on that given the sturdy employment quantity, they’d ratchet their estimate larger.