Atlanta Fed GDP Now Q3 Estimate: 2.3% Growth

The Atlanta Fed's number tends to run higher than the end-of-quarter figures and higher than the New York Fed's number, which tends to be lower than the end-of-Q figure.
So we show both.
First up, the Federal Reserve bank of Atlanta:
Latest forecast: 2.3 percent — August 26, 2019

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2019 is 2.3 percent on August 26, up from 2.2 percent on August 16. After this morning’s advance durable manufacturing report from the U.S. Census Bureau, a decrease in the nowcast of the contribution of nonresidential equipment investment to the third-quarter real GDP growth from 0.30 percentage points to 0.26 percentage points was offset by an increase in the nowcast of the contribution of inventory investment to the third-quarter real GDP growth from -0.47 percentage points to -0.43 percentage points.
The next GDPNow update is Friday, August 30. Please see the "Release Dates" tab below for a list of upcoming releases.

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And from the Federal Reserve Bank of New York:

Nowcasting Report

Aug 23, 2019: New York Fed Staff Nowcast

• The New York Fed Staff Nowcast stands at 1.8% for 2019:Q3.
• News from housing data were small, leaving the nowcast broadly unchanged.

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