Search results
Results From The WOW.Com Content Network
The Atlanta Fed GDPNow model also mimics the methods used by the BEA to estimate real GDP growth. The GDPNow forecast is constructed by aggregating statistical model forecasts of 13 subcomponents that comprise GDP.
GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available economic data for the current measured quarter. There are no subjective adjustments made to GDPNow—the estimate is based solely on the mathematical results of the model.
Center for Quantitative Economic Research. From the Atlanta Fed’s EconomyNow App. Please note that the Atlanta Fed's GDPNow is not an official forecast. It is only a running estimate of economic growth. Careers. Frequently Asked Questions. GDPNow. Inflation Project.
Commentaries for the 75 most recent GDPNow estimates, starting with the latest estimate.
The Atlanta Fed's GDPNow model and the BEA's GDP forecast place high value on PCE, as well as on categories in goods and services that include construction spending, housing starts, and prices of new and resale dwellings.
Stay up to date with the economy by using the Atlanta Fed's EconomyNow app. EconomyNow gives you access to our most popular tools, including GDPNow and the Wage Growth Tracker, so you can view the latest data on inflation, growth, and the labor market.
What are the differences between GDPNow and the FRBNY Nowcast models? Why do the two models have different forecasts? The FRBNY Nowcast model of real GDP growth is based on a dynamic factor model described in this Liberty Street blog entry.
On August 6, the GDPNow model estimate for real GDP growth in the third quarter of 2024 is 2.9 percent, up from 2.5 percent on August 1. View GDPNow for more details.
This paper documents GDPNow, a "nowcasting" model for gross domestic product (GDP) growth that synthesizes the "bridge equation" approach relating GDP subcomponents to monthly source data with the factor model approach used by Giannone, Reichlin, and Small (2008).
Stay informed with the latest updates from the Atlanta Fed's GDPNow forecast by downloading the GDPNow app for your Apple or Android mobile phone. The app's at-a-glance dashboard shows you the current forecast number, its change from the previous forecast, the current chart, and the underlying data for that release.