The Nowcast for 4th quarter GDP is up .1% to 1.3% growth with the addition of this week’s data. Auto sales and manufacturing orders were the main reports driving this slight uptick. The forecasts were raised for personal consumption expenditures as well as business equipment purchases.
Macro: GDPNow — 1.3%
About the Author: Douglas R. Terry, CFA
Douglas Terry is a Senior Vice President at Alhambra Investments, a fee-only Investment Advisory firm doing business since 2006. Alhambra Investments specializes in all-weather, highly diversified, multiple asset class portfolios. Give us a call today at 1-888-777-0970 or via email at [email protected] and we’d be happy to arrange for one of our investment professionals to discuss your situation with you – completely complimentary. Let’s start the conversation today.
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