Friday, September 09, 2016

Q3 GDP Forecasts

by Bill McBride on 9/09/2016 11:58:00 AM

From the Altanta Fed: GDPNow

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2016 is 3.5 percent on September 2, up from 3.2 percent on September 1.
From the NY Fed Nowcasting Report
The FRBNY Staff Nowcast stands at 2.8% for 2016:Q3, unchanged from last week.
From Merrill Lynch:
We revise up our 3Q GDP forecast to 3% from 2.4% to reflect the recent tracking.
CR Note: Looks like real GDP growth around 3% in Q3 (and a probably little upward revision to Q2).