Atlanta Fed: GDPNow estimate for real GDP growth in Q3 rises to 4.4% from 3.8%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 4.4 percent on September 14, up from 3.8 percent on September 11," the Federal Reserve Bank of Atlanta reported today and added:

"The nowcast of third-quarter real personal consumption expenditures growth increased from 3.0 percent to 3.7 percent after this morning's retail sales report from the U.S. Census Bureau and this morning's industrial production release from the Federal Reserve Board of Governors."