Early Q4 GDP Forecasts: 0.7% to 2.1%

From Goldman Sachs: [O]ur Q4 GDP tracking estimate declined by one-tenth to +2.1% (qoq ar), and we increased our past-quarter GDP tracking estimate for Q3 by one-tenth to +2.1% (qoq ar, compared to +1.9% as originally reported). [November 4 estimate] emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 0.7% for 2019:Q4 . News from this week's data releases decreased the nowcast for 2019:Q4 by 0.1 percentage point. [Nov 8 estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth......(read more)

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