Despite strong spending in October, GDPNow forecasts have plunged, why?

Despite strong spending in October, GDPNow forecasts have plunged, why?

Chart Notes

  • The blue line is the base forecast. It’s all the public sees or hears when the BEA releases its GDP report, but it’s not what matters most.
  • The red line is actual final sales (RFS). This is the bottom line estimate for the economy and what matters most.
  • The yellow line is RFS for domestic buyers, the rest is for exports.
  • The green line is RFS for private national buyers. It excludes government and exports.

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