Atlanta Fed GDPNow at 4% q/q in Q4.
Figure 1: GDP as reported (black), WSJ October study (red), GDPNow (tan square), and Goldman Sachs (green triangle), all in bn. Chained 2012$, SAAR. Source: BEA 2022Q3 advance, WSJ, Atlanta Fed, Goldman Sachs (11/9/2022), and authors computations.
In the brief term, the decrease in reported GDP appears over. Its important to recall that we will get a better kept reading GDP, and insight into GDO, with the next release at end November. In the meantime, here are the other measures of GDP from the income side (GDI), and the average of expense and earnings sides (i.e., GDO).
Figure 2: GDP as reported (black), GDPNow (tan square), GDI (pink), and GDO (teal), all in bn. Chained 2012$, SAAR. Source: BEA 2022Q3 advance, WSJ, Atlanta Fed, Goldman Sachs (11/9/2022), and authors calculations
.
