by Calculated Risk on 9/19/2025 11:01:00 AM
Friday, September 19, 2025
Q3 GDP Tracking
From BofA:
Since our last weekly publication, 3Q GDP tracking moved up to 2.1% q/q saar from 1.7% & 2Q GDP is up two-tenths to 3.4%. [September 19th comment]From Goldman:
emphasis added
We left our Q3 GDP tracking estimate unchanged at +2.2% (quarter-over-quarter annualized). Our Q3 domestic final sales estimate stands at +1.3%. [September 17th estimate]
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 3.3 percent on September 17, down from 3.4 percent on September 16. After this morning’s housing starts release from the US Census Bureau, the nowcast of third-quarter real residential investment growth decreased from -4.6 percent to -6.3 percent. [September 17th estimate]


