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    Calculated Threat: Early Q3 GDP Monitoring: Low-to-Mid 2%

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    by Calculated Threat on 8/16/2024 01:33:00 PM

    From BofA:

    We initiated our 3Q US GDP tracker with the July retail gross sales print. The 3Q GDP monitoring estimate went up from our official forecast of two.5% q/q saar to 2.6% q/q saar. [August 16th update]
    emphasis added

    From Goldman:

    We left our Q3 GDP monitoring estimate unchanged at +2.4% (quarter-over-quarter annualized) and our Q3 home last gross sales forecast stands at +2.0%. [August 16th estimate]

    And from the Altanta Fed: GDPNow 

    The GDPNow mannequin estimate for actual GDP development (seasonally adjusted annual charge) within the third quarter of 2024 is 2.0 p.c on August sixteenth.

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