The Atlanta Fed growth estimate for Q3 rose to 4.0% from 3.9% last
GDPNow 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.
With the absence of government data, the model is reliant on private data like today's ISM manufacturing index. Impact was a 0.1% uptick.
