In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Friday, December 08, 2023

Q4 GDP Tracking: Close to 1%

by Calculated Risk on 12/08/2023 02:00:00 PM

From BofA:

Our 4Q GDP tracking estimate remains at 1.0% q/q saar as higher than expected October construction spending was offset by lower than expected vehicle sales in November and a small downward revision in core capital goods orders in the final October print. [Dec 6th estimate]
emphasis added
From Goldman:
We lowered our Q4 GDP tracking estimate by 0.1pp to +1.4% (qoq ar). Our Q4 domestic final sales estimate remains at +2.1% (qoq ar). [Dec 7th 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 7, down from 1.3 percent on December 6 after rounding. [Dec th estimate]