Q3 could potentially be a surprise.

in gdpnow •  2 years ago 

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Next Thursday is the actual Q3 GDP release. So far GDPNow's nowcast is forecasting Q3 GDP will be 2.9%!

We've still got a little more Q3 data to release before then so the nowcast estimate could change a little, but it shouldn't change by much.

It is increasingly looking like Q3 GDP will be good. GDPNow can miss, but it gets more accurate as the release date approaches as it is a real-time model that relies on the available GDP component data as it becomes available.

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