US GDP Nowcast for 2025 Q3


A simple nowcaster based on a large range of monthly indicator models for each GDP expenditure component that combines them by weighting them based on their out-of-sample forecast performance. Nowcast expressed at an annualized rate. Does not reflect the views of any individual or institution.

Date Updates GDP Nowcast Consumption Non-Res. Investment Res. Investment Inventories ($bn) Government Exports Imports
0 2025-08-04 -26.7 0.5 2.4 -4.2 -1712.4 1.2 -11.0 1.3
1 2025-08-05 Capital goods ord., Capital goods shipments -26.7 0.5 2.4 -4.2 -1712.4 1.2 -11.0 1.3
2 2025-08-05 Total Bus. Inventories, Advance inventories -26.7 0.5 2.4 -4.2 -1712.3 1.2 -11.0 1.3
3 2025-08-05 Real goods Imports -26.7 0.5 2.4 -4.2 -1712.3 1.2 -11.0 1.3
4 2025-08-06 Real goods exports, Services Exports -26.7 0.5 2.4 -4.2 -1712.3 1.2 -11.8 1.3
5 2025-08-06 Real goods Imports, Services Imports -26.5 0.5 2.4 -4.2 -1712.3 1.2 -11.8 -0.7
6 2025-08-11 Vehicle sales -26.4 0.7 2.4 -4.2 -1712.3 1.2 -11.8 -0.7
7 2025-08-11 Vehicle sales -26.2 0.7 4.2 -4.2 -1712.3 1.2 -11.8 -0.7
8 2025-08-14 Services Imports -26.4 0.7 4.2 -4.2 -1712.3 1.2 -11.8 1.0
9 2025-08-14 Capital goods ord., Capital goods shipments, Non-residential construction -26.4 0.7 4.2 -4.2 -1712.3 1.2 -11.8 1.0
10 2025-08-14 Services Imports -26.4 0.7 4.2 -4.2 -1712.3 1.2 -11.8 1.0
11 2025-08-14 Net outlays, Public construction -26.3 0.7 4.2 -4.2 -1712.3 1.5 -11.8 1.0
12 2025-08-14 Advance inventories -20.4 0.7 4.2 -4.2 -1292.5 1.5 -11.8 1.0
13 2025-08-15 Control retail sales -20.1 1.2 4.2 -4.2 -1292.5 1.5 -11.8 1.0
14 2025-08-15 Real goods exports -20.1 1.2 4.2 -4.2 -1292.5 1.5 -11.8 1.0
15 2025-08-15 Real goods Imports -20.1 1.2 4.2 -4.2 -1292.5 1.5 -11.8 1.0
16 2025-08-15 IP -20.1 1.2 4.0 -4.2 -1292.5 1.5 -11.8 1.0
17 2025-08-15 Total Bus. Inventories, Advance inventories 0.8 1.2 4.0 -4.2 20.7 1.5 -11.8 1.0
18 2025-08-19 Housing starts, Housing permits 0.9 1.2 4.0 -3.1 20.7 1.5 -11.8 1.0
19 2025-08-25 Housing permits 0.9 1.2 4.0 -2.9 20.7 1.5 -11.8 1.0
20 2025-08-25 Houses sold, Res. construction spending 0.8 1.2 4.0 -4.1 20.7 1.5 -11.8 1.0
21 2025-08-26 Capital goods ord., Capital goods shipments 0.9 1.2 4.2 -4.1 20.7 1.5 -11.8 1.0
22 2025-08-29 GDP revision 1.0 1.2 4.2 -4.1 20.7 1.5 -11.8 1.0
23 2025-08-29 M. PCE, Consumption 1.1 1.3 4.2 -4.1 20.7 1.5 -11.8 1.0
24 2025-08-29 Res Invesment 1.1 1.3 4.2 -4.1 20.7 1.5 -11.8 1.0
25 2025-08-29 Non-res Invesment 1.4 1.3 6.7 -4.1 20.7 1.5 -11.8 1.0
26 2025-08-29 Real goods exports, Services Exports, Exports 1.7 1.3 6.7 -4.1 20.7 1.5 -8.8 1.0
27 2025-08-29 Real goods Imports, Imports 0.5 1.3 6.7 -4.1 20.7 1.5 -8.8 10.8
28 2025-08-29 Government 0.4 1.3 6.7 -4.1 20.7 1.4 -8.8 10.8
29 2025-08-29 Total Bus. Inventories, Advance inventories, Inventories -79.7 1.3 6.7 -4.1 -7637.6 1.4 -8.8 10.8
30 2025-08-29 Nonfarm real IVA adjusted -73.2 1.3 6.7 -4.1 -6517.2 1.4 -8.8 10.8