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Q4 GDP Tracking: Moving on up

by Calculated Risk on 11/23/2022 12:49:00 PM

From BofA:

On net, today’s data pushed up our 4Q US GDP tracking from 1.4% q/q saar to 1.8% q/q saar and left our 3Q US GDP tracking unchanged at 3.0% q/q saar.
[Nov 23rd estimate]emphasis added

From Goldman:

We boosted our Q4 GDP tracking estimate by 0.5pp to +1.5% (qoq ar). [Nov 23rd estimate]

And from the Altanta Fed: GDPNow

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2022 is 4.3 percent on November 23, up from 4.2 percent on November 17. [Nov 23rd estimate]

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