3Q2024 GDP Tracking ~3%

Bank of America:

Since our last weekly publication, our 3Q GDP tracking estimate is unchanged at 2.6% q/q saar.

[Oct. 11th estimate]

Goldman Sachs:

We left our Q3 GDP tracking estimate unchanged at +3.2% (quarter-over-quarter annualized) and our Q3 domestic final sales forecast unchanged at +2.8%.

[Oct. 8th estimate]

Atlanta Federal Reserve: GDPNow

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 3.2 percent on October 9, unchanged from October 8 after rounding. After this morning’s wholesale trade release from the US Census Bureau, the nowcast of third-quarter real gross private domestic investment growth decreased from 3.4 percent to 3.3 percent.

[Oct. 9th estimate]

Posted by Axis on 10/11/2024

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