From the Atlanta Fed today, 2.9% SAAR in Q3:
Figure 1: GDP (bold black), WSJ July survey mean growth multiples of Q2 advance (teal), and GDPNow Q3 growth multiples of Q2 advance (blue square), all in bn Ch .2017$. Source: BEA 2024Q2 advance, WSJ survey, Atlanta Fed (8/6), and author’s calculations.
Remember, about one-third of GDP is estimated in advance, hence the adjective “advance” (or in some countries, “flash”).
By comparison, yesterday’s average tracking Goldman Sachs is at 2.6%.
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