Unchanged from the January 10th estimate
The Atlanta Fed is out with its newest estimate for 4Q GDP progress. In their very own phrases:
The present GDPNow mannequin estimate for actual GDP progress (seasonally adjusted annual fee) within the fourth quarter of 2018 is 2.eight p.c on January 16, unchanged from January 10. The nowcast of the contribution of web exports to fourth-quarter actual GDP progress inched down from -Zero.50 proportion factors to -Zero.52 proportion factors after this morning’s U.S. Import and Export Value Indexes launch from the U.S. Bureau of Labor Statistics.
As a result of authorities shutdown, estimating the GDP from latest financial information turns into a problem. The central financial institution has added the beneath disclaimer for future experiences:
The GDPNow launch schedule is topic to alter because of the influence of the partial authorities shutdown on the timing/availability of financial releases from the U.S. Census Bureau and the U.S. Bureau of Financial Evaluation.