Atlanta Fed Predicts Higher 3rd Quarter GDP
Share
[aggregation-styles]
Federal Reserve Bank of Atlanta
Federal Reserve Bank of Atlanta
The Federal Reserve Bank of Atlanta is projecting a slight increase over earlier estimates in U.S. Gross Domestic Product for the third quarter. The bank’s GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2019 is now 2.3 percent, up from 2.2 percent reported on August 16.
On its website, the bank noted that Monday’s advance report on durable manufacturing from the U.S. Census Bureau showed a decrease in the contribution of nonresidential equipment investment to the third-quarter real GDP growth. However, the decline was offset by an increase in inventory investment, according to analysts.The Atlanta Fed GDPNow estimate is a model-based projection and not an official forecast of the Federal Reserve System.
On its website, the bank noted that Monday’s advance report on durable manufacturing from the U.S. Census Bureau showed a decrease in the contribution of nonresidential equipment investment to the third-quarter real GDP growth. However, the decline was offset by an increase in inventory investment, according to analysts.The Atlanta Fed GDPNow estimate is a model-based projection and not an official forecast of the Federal Reserve System.
26 Aug 2019
RELATED TOPICS:
Fresno Man Sentenced to 29 Years for Sexually Assaulting Children and Dog
Crime /
12 hours ago
Bulldogs’ Two-Position Standout Tommy Hopfe Signs With Rockies
Sports /
12 hours ago
Former Bulldog QB Jake Haener: I Have a ‘Rare Form of Skin Cancer’
Sports /
13 hours ago
The Many Names of GOP Vice Presidential Nominee JD Vance
Latest /
13 hours ago
Companies Cut Prices to Boost Sales, Consumers Respond
Business /
14 hours ago
Warner Bros. Discovery Sues NBA for Not Accepting Its Matching Offer
Sports /
15 hours ago
CA Has Seen Many New Towns, but This Big Project Is Stalled
When California emerged from its colonial beginnings nearly two centuries ago and began coalescing into a distinct society, its towns and vi...
Opinion /
7 mins ago
Categories
Latest
Videos
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/07/26104129/021624-California-Forever-LE-CM-29.jpg-1024x576.jpg)
Opinion /
7 mins ago
CA Has Seen Many New Towns, but This Big Project Is Stalled
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/07/26170645/Gage-Mason-20-was-sentenced-to-29-years-in-state-prison-for-sexually-assaulting-multiple-children-and-a-dog-and-will-also-be-required-to-register-as-a-sex-offender-1024x538.jpg)
Crime /
12 hours ago
Fresno Man Sentenced to 29 Years for Sexually Assaulting Children and Dog
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/07/26161707/Tommy-Hopfe-with-the-Colorado-Rockies_1280X720-1024x576.jpg)
Sports /
12 hours ago
Bulldogs’ Two-Position Standout Tommy Hopfe Signs With Rockies
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/07/26145457/image-2024-07-26T145350.189-1024x576.jpeg)
Sports /
13 hours ago
Former Bulldog QB Jake Haener: I Have a ‘Rare Form of Skin Cancer’
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/07/26154603/Republican-vice-presidential-candidate-Sen.-JD-Vance-R-Ohio-speaks-at-a-campaign-rally-July-22-2024-in-Radford-Va.-Vance-introduced-himself-to-the-world-in-2016-when-he-published-his-bestse-1024x538.jpg)
Latest /
13 hours ago