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Friday, September 13, 2024

Q3 GDP Tracking: Mid 2% Range

by Calculated Risk on 9/13/2024 08:17:00 AM

From BofA:

Since our last weekly publication, our 3Q GDP tracking estimate remains unchanged at 2.3% q/q saar while our 2Q GDP tracking estimate went down two-tenths to 2.8% q/q saar. [Sept 13th estimate]
emphasis added
From Goldman:
We lowered our Q3 GDP forecast to 2.5% (qoq ar) [Sept 10th estimate]
And from the Atlanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.5 percent on September 9, up from 2.1 percent on September 4. [Sept 9th estimate]