Latest Atlanta Fed GDPNow Q3 2021 Real GDP estimate: +1.3 percent annual growth rate, as of October 8, 2021

Note:

The GDPNow model Real GDP estimate is rarely accurate before the end of the quarter.  This quarter I waited for another week, before presenting it.  The indicator nearly always starts out too high (too bullish) and becomes accurate only at the end of the quarter. The quarter is already over, so how is this a prediction?  The first official government Q3 2021 Real GDP advanced number will be released on October 28, 2021
Ye Editor

 

Source:

https://www.atlantafed.org/cqer/research/gdpnow

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2021 is 1.3 percent on October 8, unchanged from October 5.

After this morning's releases of the employment situation report by the US Bureau of Labor Statistics and the wholesale trade report from the US Census Bureau,

an increase in the Nowcast of third-quarter real gross private domestic investment growth from 10.5 percent to 10.7 percent

was offset by a decrease in the nowcast of third-quarter real personal consumption expenditures growth from 1.1 percent to 1.0 percent.

The next GDPNow update is Friday, October 15, 2021"