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Q3 GDP Tracking: Around 4%


The preliminary estimate of Q3 GDP will be released next Thursday, Oct 26th. The consensus estimate is real GDP increased at a 4.1% annualized rate in Q3.

From BofA: Overall, the data flow since our last weekly pushed up our 3Q US GDP tracking estimate from 3.8% to 4.3% q/q saar. [Oct 20th estimate]
emphasis addedFrom Goldman: We left our Q3 GDP tracking estimate unchanged at +4.0% (qoq ar). [Oct 19th estimate]And from the Altanta Fed: GDPNowThe GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2023 is 5.4 percent on October 18, unchanged from October 17 after rounding. [Oct 18th estimate]

Hotels: Occupancy Rate Decreased 2.3% Year-over-year

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