{"id":347639,"date":"2025-09-02T16:02:17","date_gmt":"2025-09-02T21:02:17","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/09\/02\/nowcasted-core-gdp-decelerates-econbrowser\/"},"modified":"2025-09-02T16:02:17","modified_gmt":"2025-09-02T21:02:17","slug":"nowcasted-core-gdp-decelerates-econbrowser","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/09\/02\/nowcasted-core-gdp-decelerates-econbrowser\/","title":{"rendered":"Nowcasted \u201cCore GDP\u201d Decelerates | Econbrowser"},"content":{"rendered":"

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Q2 final sales to private domestic purchasers \u2014 arguably a better indicator over time about momentum in the economy in the wake of the tariff-frontrunning \u2014 was 1.9% q\/q AR. Four days ago, nowcasted final sales for Q3 was 2.4%. Today\u2019s GDPNow release takes that number down to 1.7%, a slowdown from Q2.<\/p>\n

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Figure 1: <\/strong>Final sales to private domestic purchasers, latest vintage (bold black), advance release (blue), GDPNow of 8\/29 (light blue square), GDPNow of 9\/2 (dark blue square), Survey of Professional Forecasters August median (dark red), 2023-24 stochastic trend (gray), all in bn.Ch.2017$ SAAR. Source: BEA, Atlanta Fed, Philadelphia Fed, and author\u2019s calculations.<\/em><\/p>\n

The downward revision was associated with the ISM manufacturing survey and the construction release. (Q3 GDP nowcast was reduced from 3.5% to 3%, q\/q AR.). Manufacturing PMI was at 53.0 (vs. 53.3 Bloomberg consensus), while construction m\/m was -0.1% (at consensus).<\/p>\n

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