Friday, October 12, 2018

Q3 GDP Forecasts

by Bill McBride on 10/12/2018 02:52:00 PM

From Merrill Lynch:

3Q GDP tracking remains at 3.7% qoq saar. [Oct 12 estimate].
emphasis added
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 4.2 percent on October 10, up from 4.1 percent on October 5. [Oct 10 estimate]
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 2.2% for 2018:Q3 and 2.8% for 2018:Q4. [Oct 12 estimate]
CR Note: It looks like GDP will be in the 3s in Q3.