From the Federal Reserve Bank of New York:
Nov 15, 2019: New York Fed Staff Nowcast
- The New York Fed Staff Nowcast stands at 0.4% for 2019:Q4.
- News from this week's data releases decreased the nowcast for 2019:Q4 by 0.3 percentage point.
- Negative surprises from capacity utilization and industrial production data drove most of the decrease....
And at the Federal Reserve Bank of Atlanta:
Latest forecast: 0.3 percent — November 15, 2019
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2019 is 0.3 percent on November 15, down from 1.0 percent on November 8. After this morning's retail trade releases from the U.S. Census Bureau, and this morning's industrial production report from the Federal Reserve Board of Governors, the nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth decreased from 2.1 percent and -2.3 percent, respectively, to 1.7 percent and -4.4 percent, respectively....MORENovember 5:
Atlanta Fed Q4 GDP Forecast 1%, Down From 1.5% On October 31
Meanwhile, the New York Federal Reserve number won't be updated for a while and so sticks with their November 1 estimate:
- The New York Fed Staff Nowcast stands at 0.8% for 2019:Q4.
- News from this week's data releases decreased the nowcast for 2019:Q4 by 0.1 percentage point. Negative surprises from ISM manufacturing data accounted for most of the decrease for 2019:Q4....
