Atlanta Fed GDPNow 3Q growing at 3.8% vs 3.7% in the prior estimate

Up from yesterday's 3.7% reading

The Atlanta Fed GDPNow estimate for the 3Q came in at 3.8% vs the 3.7% estimate announced yesterday.

In their words:

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.8 percent on August 16, up from 3.7 percent on August 15. The forecast of third-quarter real residential investment growth increased from -0.5 percent to 3.7 percent after this morning's new residential construction report from the U.S. Census Bureau.

The next report will be on August 25th