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Friday, December 15, 2023

Q4 GDP Tracking: 1.5% to 2.6% Range

by Calculated Risk on 12/15/2023 04:35:00 PM

From Goldman:

We left our Q4 GDP tracking estimate unchanged at +1.5% (qoq ar) and boosted our Q4 domestic final sales growth forecast by 0.1pp to +2.4% (qoq ar). [Dec 15th estimate]
emphasis added
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.6 percent on December 14, up from 1.2 percent on December 7. [Dec 14th estimate]