Atlanta Fed: GDPNow estimate for real GDP growth in Q4 falls to 2.5%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 2.5 percent on November 20, down from 2.8 percent on November 15," the Federal Reserve Bank of Atlanta reported on Tuesday.

"The nowcast of the contribution of inventory investment to fourth-quarter real GDP growth decreased from -0.06 percentage points to -0.16 percentage points after yesterday morning's industrial production report from the Federal Reserve Board of Governors. The nowcast of fourth-quarter real residential investment growth fell from -2.6 percent to -6.3 percent after this morning's new residential construction release from the U.S. Census Bureau."