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The growth rate of gross domestic output (the average of GDP and GDI) is 4.4% (SAAR), compared to the reported 2.1% for GDP. On a year-on-year basis, the figures were 7.0% vs. 4.9%, respectively.
Forecasts of levels have been reduced over the last three surveys, noticeably since the August survey. That level downshift is largely driven by the low growth in 2021Q3.
Interestingly, nowcasts for Q4 indicate a more substantial rebound than envisioned in the November SPF survey (responses between October 28th and November 9th).