From the Federal Reserve Bank of Atlanta's GDP Now, August 16:
Latest estimate: 5.8 percent -- August 16, 2023
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2023 is 5.8 percent on August 16, up from 5.0 percent on August 15. After this morning's housing starts report from the US Census Bureau and industrial production report from the Federal Reserve Board of Governors, the nowcasts of third-quarter real personal consumption expenditures growth and third-quarter real gross private domestic investment growth increased from 4.4 percent and 8.8 percent, respectively, to 4.8 percent and 11.4 percent.
The next GDPNow update is Thursday, August 24. Please see the "Release Dates" tab below for a list of upcoming releases.
