US: Atlanta Fed's GDPNow rises to 6.3% for Q3 after latest US data

The real gross domestic product (GDP) in the United States is expected to grow by 6.3% in the third quarter of 2021, up from 6.1% on July 30, the Federal Reserve Bank of Atlanta's latest GDPNow report showed on Monday.

"After this morning's Manufacturing ISM Report On Business from the Institute for Supply Management and the construction spending report from the US. Census Bureau, the nowcast of third-quarter real personal consumption expenditures growth increased from 3.2% to 3.9% and the nowcast of third-quarter real gross private domestic investment growth decreased from 29.4% to 28.0%," Atlanta Fed explained in its publication.

Market reaction

The US Dollar Index showed no immediate reaction to this report and was last seen trading flat on the day at 92.06.