Atlanta Fed: GDPNow estimate for real GDP growth in Q3 stays unchanged to 4.1%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 4.1 percent on October 5, unchanged from October 1," the Federal Reserve Bank of Atlanta reported on Friday.

"Slight declines in the nowcasts of third-quarter real personal consumption expenditures growth and third-quarter real private fixed investment growth after this morning’s employment report from the U.S. Bureau of Labor Statistics were offset by slight increases in the nowcasts of the contributions of government spending, net exports, and inventory investment to third-quarter real GDP growth after the employment report and this morning’s international trade release from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis," Atlanta Fed explained.