November 2, 2015

The GDP Now model forecast for real GDP growth in the 4th quarter of 2015 is now at 1.9% vs. 2.5% on October 30th. This comes on the backs of the mmanufacturing ISM report from this morning. The consumer spending growth is expected to come in at 2.4% from 2.9% previously. Investment growth on real equipment has declined to 1.3% from 3.9%.