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Friday, December 01, 2023

Q4 GDP Tracking: Close to 1%

by Calculated Risk on 12/01/2023 04:00:00 PM

From BofA:

Overall, since our last weekly publication, our 4Q US GDP tracking estimate fell three-tenths to 1.0% q/q saar. [Dec 1st estimate]
emphasis added
From Goldman:
We boosted our Q4 GDP tracking estimate by one tenth to +1.5% (qoq ar) and our Q4 domestic final sales growth forecast by the same amount to +2.1% (qoq ar). [Dec 1st estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 1.2 percent on December 1, down from 1.8 percent on November 30. [Dec 1st estimate]