{"id":251805,"date":"2024-08-06T21:14:33","date_gmt":"2024-08-06T21:14:33","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/06\/gdpnow-vs-wsj-july-forecast\/"},"modified":"2025-06-25T17:13:00","modified_gmt":"2025-06-25T17:13:00","slug":"gdpnow-vs-wsj-july-forecast","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/06\/gdpnow-vs-wsj-july-forecast\/","title":{"rendered":"GDPNow vs. WSJ July Forecast"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-53132\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>From <a href=\"https:\/\/www.atlantafed.org\/cqer\/research\/gdpnow\">Atlanta Fed<\/a> today, 2.9% SAAR in Q3:<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/08\/gdppix_jul24f.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-53133\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/08\/gdppix_jul24f.png\" alt=\"\" width=\"1022\" height=\"576\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/08\/gdppix_jul24f.png 1022w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/08\/gdppix_jul24f-300x169.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/08\/gdppix_jul24f-768x433.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/08\/gdppix_jul24f-624x352.png 624w\" sizes=\"(max-width: 1022px) 100vw, 1022px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong> GDP (bold black), WSJ July survey mean growth iterated on Q2 advance (teal), and GDPNow for Q3 growth iterated on Q2 advance (light blue square), all in bn Ch.2017$. Source: BEA 2024Q2 advance, WSJ survey, Atlanta Fed (8\/6), and author\u2019s calculations.<\/em><\/p>\n<p>Recall, roughly a third of the components of the advance release GDP are estimated, hence the adjective \u201cadvance\u201d (or in other countries, \u201cflash\u201d).<\/p>\n<p>For comparison, yesterday\u2019s Goldman Sachs tracking estimate is at 2.6%.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2024\/08\/gdpnow-vs-wsj-july-forecast\" title=\"1:42 pm\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2024-08-06T13:42:11-07:00\">August 6, 2024<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2024\/08\/gdpnow-vs-wsj-july-forecast\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] From Atlanta Fed today, 2.9% SAAR in Q3: Figure 1: GDP (bold black), WSJ July survey mean growth iterated on Q2 advance (teal), and<\/p>\n","protected":false},"author":1,"featured_media":251806,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/251805"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=251805"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/251805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/251806"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=251805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=251805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=251805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}