Here's What To Expect For This Morning's Big Q4 GDP Release

sun sunrise

A quick heads up. Q4 GDP is released today at 8:30 AM ET. The official estimates are for growth of 3.7%, which is hotter than the 2.6% Q3 number.

Deutsche Bank — which is calling for 3.5% growth — breaks down a few of the numbers:

Spending on nondurable goods is expected to be up 4.0%, while spending on services should continue to lag, rising just 1.9% in the quarter. While a 4.5% gain in consumption would be the largest since Q1 2006 (+4.5%), we do not believe our forecast is aggressive since the level of real November consumer spending is already up 4.4% at an annualized rate relative to Q3. Another area of strength will likely be equipment and software spending, also known as capex. We are anticipating a record fifth consecutive double-digit gain in capex (+10.0%).

A lot is riding on this number, especially given the weak-ish labour numbers, and the surprise GDP contraction in the UK earlier this week.

Obviously we shall have full coverage.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

gdp moneygame-us