The Atlanta Fed's GDPNow model estimate of Q4 real GDP growth slipped to 3.8% from 3.9% the week prior. After recent data, "nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth decreased from 3.6 percent and 6.1 percent, respectively, to 3.2 percent and 5.8 percent, respectively, while the nowcast of the contribution of the change in real net exports to fourth-quarter real GDP growth increased from 0.17 percentage points to 0.35 percentage points."

Atlanta Federal Reserve

US: Atlanta Fed GDPNow Inching Lower

Last updated at:Jan-05 16:16By: Bill Sokolis
FI Bullets+ 2

The Atlanta Fed's GDPNow model estimate of Q4 real GDP growth slipped to 3.8% from 3.9% the week prior. After recent data, "nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth decreased from 3.6 percent and 6.1 percent, respectively, to 3.2 percent and 5.8 percent, respectively, while the nowcast of the contribution of the change in real net exports to fourth-quarter real GDP growth increased from 0.17 percentage points to 0.35 percentage points."

Atlanta Federal Reserve