Tuesday, November 28, 2017

2017 Q3 GDP Growth Rate Second Estimate Predictions

Tomorrow, the Bureau of Economic Analysis (BEA) will announce the Second Estimate of the 2017 Third Quarter GDP growth rate. The average Wall Street Forecast is 3.3% GDP growth rate (quarter over quarter growth at an annualized rate) per CNBC's Rapid Update. The Advanced Estimate of the 2017 Third Quarter GDP growth rate announced last month was 2.99%.

The North Star GDP Estimate for the third quarter of 2017 is at 1.94% year over year growth or 1.75% (quarter over quarter growth at an annualized rate). The North Star GDP Forecast for the fourth quarter of 2017 is 1.96% year over year growth (or 0.57% QoQ).

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