Friday, November 15, 2019

Q4 GDP Forecasts: 0.3% to 1.5%

by Calculated Risk on 11/15/2019 12:45:00 PM

From Merrill Lynch:

We continue to track 1.9% for 3Q GDP tracking. 4Q tracking is at 1.5%. [Nov 15 estimate]
emphasis added
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 0.4% for 2019:Q4. [Nov 15 estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2019 is 0.3 percent on November 15, down from 1.0 percent on November 8. [Nov 15 estimate]
CR Note: These early estimates suggest real GDP growth will be between 0.3% and 1.5% annualized in Q4.