Atlanta Fed's Q4 GDPNow estimate held at 3.6%
Atlanta Fed's Q4 GDPNow estimate held at 3.6% for second consecutive time: "The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2016 is 3.6 percent on November 23, unchanged from November 17. The contributions of real equipment investment and real inventory investment to fourth-quarter growth increased from 0.32 percentage points to 0.38 percentage points and 0.50 percentage points to 0.56 percentage points, respectively, after this morning's advance durable manufacturing report from the U.S. Census Bureau. The forecast of fourth-quarter real residential investment growth declined from 10.8 percent to 7.1 percent after yesterday's existing-home sales release from the National Association of Realtors and this morning's releases on new single-family home sales, prices, and construction costs from the Census Bureau." The next GDPNow update is Wednesday, November 30. for more.