GDP Now forecast up to 3.5, from 3.2… – Commodity Research Group

September 3, 2016 by Jim Colburn Leave a Comment

After Friday’s economic data, the Atlanta Fed GDPNow forecast is at +3.5%, up .3 from the previous estimate:

“The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2016 is 3.5 percent on September 2, up from 3.2 percent on September 1. The forecast of the contribution of net exports to third-quarter real GDP growth increased from –0.38 percentage points to –0.16 percentage points after this morning’s international trade release from the U.S. Census Bureau.”

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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