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Atlanta Fed GDPNow tracker for Q3 growth jumps to 3.47%% vs 2.18% prior

From the agency: the GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 3.5 percent
on August 29, up from 2.2 percent on August 26.

After recent releases
from the US Census Bureau and the US Bureau of Economic Analysis, the
nowcasts of third-quarter real personal consumption expenditures growth
and second-quarter real gross private domestic investment growth
increased from 2.2 percent and 4.4 percent, respectively, to 2.3 percent
and 6.1 percent, while the nowcast of the contribution of net exports
to third-quarter real GDP growth increased from -0.36 percentage points
to 0.59 percentage points.

The next GDPNow update is Tuesday, September 2.

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