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Q3 GDP Forecasts

Summary:
From the Altanta Fed: GDPNowThe GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.5 percent on August 9, down from 3.7 percent on August 4.From the NY Fed Nowcasting ReportThe New York Fed Staff Nowcast stands at 2.0% for 2017:Q3. The effects of news from this week’s data releases were small, leaving the nowcast broadly unchanged.From Merrill Lynch: 3Q GDP tracking remained unchanged on net at 2.8%. 2Q tracking was bumped up a tenth to 2.5%, owing to better wholesale inventories data. CR Note: Looks like real GDP growth will probably be in the 2s again in Q3.

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From the Altanta Fed: GDPNow
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.5 percent on August 9, down from 3.7 percent on August 4.
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 2.0% for 2017:Q3. The effects of news from this week’s data releases were small, leaving the nowcast broadly unchanged.
From Merrill Lynch:
3Q GDP tracking remained unchanged on net at 2.8%. 2Q tracking was bumped up a tenth to 2.5%, owing to better wholesale inventories data.
CR Note: Looks like real GDP growth will probably be in the 2s again in Q3.
Bill McBride
A full time blogger, Mr. McBride retired as a senior executive from a small public company in the '90s. Mr. McBride holds an MBA from the University of California, Irvine, and has a background in management, finance and economics.

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