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Q4 GDP Tracking: Starting Close to 2%


From BofA: Overall, data since our last weekly publication pushed up our 3Q US GDP tracking estimate from 5.1% q/q saar to 5.2% q/q saar. [W]e will start our 4Q US GDP tracker with the retail sales print [Nov 10th]
emphasis addedFrom Goldman: We boosted our past-quarter GDP tracking estimate for Q3 to +5.2% and left our Q4 GDP tracking estimate unchanged at +1.6%. [Nov 8th estimate]And from the Altanta Fed: GDPNowThe GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.1 percent on November 8, unchanged from November 7 after rounding. [Nov 8th estimate]

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