Thread: GDPNow GDP Estimates

Third-Quarter GDP Growth Estimate Decreases

On September 15, the GDPNow model estimate for real GDP growth in the third quarter of 2022 is 0.5 percent, down from 1.3 percent on September 9. View GDPNow for more details.

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

Third-Quarter GDP Growth Estimate Inches Down

On September 20, the GDPNow model estimate for real GDP growth in the third quarter of 2022 is 0.3 percent, down from 0.5 percent on September 15.

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

Third-Quarter GDP Growth Estimate Increases

On October 5, the GDPNow model estimate for real GDP growth in the third quarter of 2022 is 2.7 percent, up from 2.3 percent on October 3.

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

Third-Quarter GDP Growth Estimate Ticks Up

On October 7, the GDPNow model estimate for real GDP growth in the third quarter of 2022 is 2.9 percent, up from 2.7 percent on October 5.

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

Third-Quarter GDP Growth Estimate Inches Up

On October 19, the GDPNow model estimate for real GDP growth in the third quarter of 2022 is 2.9 percent, up from 2.8 percent on October 14.

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

Originally Posted by tsptalk

Third-Quarter GDP Growth Estimate Inches Up

On October 19, the GDPNow model estimate for real GDP growth in the third quarter of 2022 is 2.9 percent, up from 2.8 percent on October 14.

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

So much for the FED being able to knock down the economy.

Yep! laughdog.gifbabycry.gif

Originally Posted by FireWeatherMet

So much for the FED being able to knock down the economy.

And again...

Third-Quarter GDP Growth Estimate Ticks Up

On October 26, the GDPNow model estimate for real GDP growth in the third quarter of 2022 is 3.1 percent, up from 2.9 percent on October 19. View GDPNow for more details.

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

Initial Estimate of Fourth-Quarter GDP Growth Is 3.1 Percent

On October 28, the initial GDPNow model estimate for real GDP growth in the fourth quarter of 2022 is 3.1 percent.

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

So what's the explanation here? Good news is bad news because higher rates are coming? Or everyone knows those GDP numbers are nonsense and will be revised lower when nobody is looking?

Remember when the experts kept saying the consumer is flush with cash and savings rates are at all time highs? That savings is gone now, and credit is replacing the void. Savings levels are back to 2014 levels and revolving credit has well surpassed pre-pandemic levels.

Fourth-Quarter GDP Growth Estimate Decreases

On November 1, the GDPNow model estimate for real GDP growth in the fourth quarter of 2022 is 2.6 percent, down from 3.1 percent on October 28.

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