The initial 3rd Quarter GDP release is due at 8:30AM on Thursday. Inquiring minds may be interested in the GDPNow forecast vs. the Blue Chip estimates vs. the Bloomberg Consensus estimate.
GDPNow vs. Blue Chip Consensus
Bloomberg Econoday Consensus
- GDPNow: 1.1%
- Blue Chip: 2.1%
- Econoday: 1.7%
If you are up in time, place your bets.
Bear in mind, GDP is so heavily revised, we will not know the true winner for another two to three months at the earliest. The “preliminary” winner will be announced at 8:30 AM. Bets taken until 8:26:30.
Mike “Mish” Shedlock