Atlanta Fed GDPNow steady at 5.6% after ISM manufacturing report

  • GDP tracker from the Atlanta Fed unchanged today
GDPNow 56

The Atlanta Fed left its GDP tracker for Q3 unchanged today:

After this morning's releases from the US Census Bureau, the US Bureau of Labor Statistics, and the Institute for Supply Management, an increase in the nowcast of third-quarter real gross private domestic investment growth from 11.8 percent to 12.3 percent was offset by decreases in the nowcasts of third-quarter real personal consumption expenditures growth and third-quarter real government spending growth from 4.3 percent and 2.5 percent, respectively, to 4.2 percent and 2.3 percent.

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