Atlanta GDPNow for 4Q comes in at 3.2% vs. 3.3% last
GDP estimate for the 4Q comes in at 3.2% vs. 3.3% last.
The growth rate of real gross domestic product (GDP) is a key indicator of economic activity. This Atlanta GDPNow forecast for fourth-quarter GDP growth in the US came in at 3.2% versus 3.3% last.
"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 3.2 percent on November 15, down from 3.3 percent on November 9. After this morning's retail sales report from the U.S. Census Bureau, the forecast of real consumer spending growth remained 3.2 percent and the forecast of real residential investment growth declined from 5.0 percent to 4.2 percent. The next GDPNow update is Friday, November 17."