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Friday, September 13, 2019

Q3 GDP Forecasts: Around 1.5% to 2.0%

by Calculated Risk on 9/13/2019 01:01:00 PM

From Merrill Lynch:

3Q and 2Q GDP tracking remain at 2.0% qoq saar. [Sept 13 estimate]
emphasis added
From Goldman Sachs:
Following this morning’s data, we boosted our Q3 GDP tracking estimate by one tenth to +2.0% (qoq ar). [Sept 13 estimate]
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 1.6% for 2019:Q3 and 1.1% for 2019:Q4. [Sept 13 estimate].
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2019 is 1.8 percent on September 13, down from 1.9 percent on September 11. [Sept 13 estimate]
CR Note: These early estimates suggest real GDP growth will be around 1.5% to 2.0% annualized in Q3.