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Bookmark or Share- Recession Not Yet: Retail Sales Help Push Up Atlanta Fed GDPNow to +3.0 ...And it did show in today’s Atlanta Fed’s GDPNow, which, upon the data for retail sales and industrial production, jumped to +3.0% “real” GDP growth for Q3, which is relatively high for the US whose 10-year average GDP growth is 2.0%. The recession is going to have to take a back seat to our Drunken Sailors.
- GDPNow - Federal Reserve Bank of AtlantaThe Atlanta Fed GDPNow model also mimics the methods used by the BEA to estimate real GDP growth. The GDPNow forecast is constructed by aggregating statistical model forecasts of 13 subcomponents that comprise GDP.
- Atlanta Fed GDPNow Estimate for 2024: Q3 - Federal Reserve Bank of AtlantaGDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available economic data for the current measured quarter. There are no subjective adjustments made to GDPNow—the estimate is based solely on the mathematical results of the model.
- Table Data - GDPNow | FRED | St. Louis FedThe Atlanta Fed recalculates and updates their GDPNow forecasts (called "nowcasts") throughout the quarter as new data are released, up until the BEA releases its "advance estimate" of GDP for that quarter.
- GDPNow (GDPNOW) | FRED - FRED | St. Louis FedThe GDPNow model forecasts GDP growth by aggregating 13 subcomponents that make up GDP with the chain-weighting methodology used by the US Bureau of Economic Analysis. The Federal Reserve Bank of Atlanta's GDPNow release complements the quarterly GDP release from the Bureau of Economic Analysis (BEA).
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