A string of stronger-than-expected economic reports provoked several analysts to revise up their projections for fourth quarter gross domestic product.  The reports show that businesses are rebuilding inventories at a faster pace than many economists thought, consumer spending has been firmer than expected and the U.S. trade deficit narrowed. GDP expanded at a 2.8% annual rate in the third quarter. Now it looks like it’s going at a fast pace in the fourth quarter. If it’s sustained, that could help to bring down the unemployment rate. Here’s a sampling of revisions we’ve picked up so far for the Q4 growth rate:

Current           Previous

  • RBS Securities                         5.0%                3.7%
  • J.P. Morgan                            4.5%                3.5%
  • T. Rowe Price                         3.8%                2.7%
  • Macroeconomic Advisers      4.2%                3.8%
  • Nomura Securities                 3.3%                3.2%
  • Aladdin Capital                     3-3.5%             2.8%
  • Action Economics                  2.8%                2.3%
  • AVERAGE                              3.9%                3.1%

NOTE: Annual growth rates.

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