- 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).
For further details see:
GDP, GDI, And Forecasts/Nowcasts