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Q3 GDP Forecasts: Just Over 1%

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by Calculated Risk on 9/02/2022 01:14:00 PM

From BofA:

Our 3Q US GDP tracking estimate rose to 1.3% q/q seasonally adjusted annualized rate (SAAR), up from from 0.5% q/q saar last wee [September 2nd estimate]emphasis added

From Goldman:

[D]ata on employment, auto sales, and factory orders caused our US 3Q GDP tracking estimate to fall by two-tenths, to 1.1% q/q saar, from 1.3% previously. [September 2nd estimate]

And from the Altanta Fed: GDPNow

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 2.6 percent on September 1, up from 1.6 percent on August 26. [September 1st estimate]

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