Last updateTue, 02 Jun 2020 7pm

Manufacturing & The Economy

Estimates Suggest Strong Third Quarter GDP Growth

Estimates of GDP for third quarter 2018 suggest growth will remain close to its second quarter rate of 4.2%. At the low end is the Survey of Professional Forecasters’ estimate, which suggests the economy will expand 3%. At the high end is the Atlanta Fed forecast of 4.4% growth, buoyed by a rise in inventory accumulation, which is estimated to contribute 2% to third quarter growth. In addition, estimates of annualized real consumption expenditure growth in July of 2.8% are consistent with strong consumption in the third quarter. 

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