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Friday, August 16, 2024

Early Q3 GDP Tracking: Low-to-Mid 2%

by Calculated Risk on 8/16/2024 01:33:00 PM

From BofA:

We initiated our 3Q US GDP tracker with the July retail sales print. The 3Q GDP tracking estimate went up from our official forecast of 2.5% q/q saar to 2.6% q/q saar. [August 16th update]
emphasis added
From Goldman:
We left our Q3 GDP tracking estimate unchanged at +2.4% (quarter-over-quarter annualized) and our Q3 domestic final sales forecast stands at +2.0%. [August 16th estimate]
Atlanta Fed GDP NowAnd from the Altanta Fed: GDPNow 

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.0 percent on August 16th.