Final 4Q GDP estimate comes in below expectations

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A reading below 50 indicates a generally negative outlook with decreasing activity. The CPA Outlook Index is a robust measure of sentiment about the U.S. economy that is supported by the unique insight and knowledge that CEOs, CFOs, Controllers, and other CPA executives have about the prospects for their own organizations, their expectations

Evolution of atlanta fed gdpnow real GDP estimate for 2018: Q3. Quarterly percent change (SAAR) Atlanta Fed GDPNow estimate. Blue Chip consensus Range of top 10 and bottom 10 forecasts. Note: The top (bottom) 10 forecast is an average of the highest (lowest) 10 forecasts in the Blue Chip survey.

These statements reflect management’s current beliefs based on information currently available and are not guarantees of future performance and are based on our estimates and assumptions that are.

After rising at an annualized pace of 4.6% and 5.0% in Q2 and Q3, the final Q4 GDP estimate, came in well below the first three quarters. Final sales of domestic product were nudged up to 2.3%.

although GDP Price Index rose below expectations at 0.5% QoQ. Further data showed the trade deficit widened to $72.12 billion during April, while Initial Claims rose at a weekly 215K, a tad above.

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While the funding is only temporary and the jury is still out on a final deal, lawmakers have. data vacuum may want to consider the latest 4Q GDP forecast from the Atlanta Fed. Its freshest GDPNow.

You can also view an archive of recent commentaries from gdpnow estimates. latest forecast: 1.4 percent – July 10, 2019 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2019 is 1.4 percent on July 10, up from 1.3 percent on July 3. The nowcast of second-quarter real GDP growth increased 0.1 percentage points on July 5 after the release of the employment report by the U.S. Bureau of Labor Statistics.

With the lower GDP estimate – which measures the value of goods and services produced by the nation’s economy less the value of the goods and services used in production – the U.S. economy is on pace to close out the year at 2.9%, just below the Trump administration’s 3% target for annual GDP growth.