Drudge Retort: The Other Side of the News

Drudge Retort

User Info


Subscribe to homerj's blog Subscribe


Special Features

Thursday, February 01, 2018

Latest forecast: 5.4 percent -- February 1, 2018 The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 5.4 percent on February 1, up from 4.2 percent on January 29. The forecast of real consumer spending growth increased from 3.1 percent to 4.0 percent after this morning's Manufacturing ISM Report On Business from the Institute for Supply Management, while the forecast of real private fixed-investment growth increased from 5.2 percent to 9.2 percent after the ISM report and this morning's construction spending release from the U.S. Census Bureau. The model's estimate of the dynamic factor for January -- normalized to have mean 0 and standard deviation 1 and used to forecast the yet-to-be released monthly GDP source data -- increased from 0.42 to 1.37 after the ISM report.


Drudge Retort

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2018 World Readable