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Friday, September 01, 2023

Q3 GDP Tracking

by Calculated Risk on 9/01/2023 03:44:00 PM

From BofA (last week estimate):

Altogether, this decreased our 2Q GDP tracking estimate by one-tenth to 2.4% q/q saar (seasonally adjusted annual rate) and increased it by a one-tenth for 3Q to 2.8% q/q saar [Aug 24th estimate]
emphasis added
From Goldman:
We boosted our Q3 GDP tracking estimate by one tenth to +2.9% (qoq ar) and our Q3 domestic final sales growth forecast by the same amount to +2.8%. [Sept 1st estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2023 is 5.6 percent on September 1, unchanged from August 31 after rounding. [Sept 1st estimate]