What To Expect From Q3 2023 U.S. GDP Growth Numbers

The advance estimate of Q3 Gross Domestic Product growth for the U.S. economy will be announced at 8.30am E.T. on October 26. Nowcasts from the Atlanta Federal Reserve’s GDPNow suggest that annualized real GDP growth could come it an over 5% and professional economists see growth topping 3% after a trend of upward revisions in recent weeks. If even 3% forecasts hold, that would still be an impressive rate of growth for the U.S. economy compared to recent quarters.

The October 26 GDP number will be the first of three progressively more accurate estimates for Q3 GDP Growth from the Bureau of Economic Analysis with revised estimated coming on November 29 and December 21. Subsequent revisions can adjust the advance estimate of GDP growth by half a percent up or down, on average.