September 18, 2019 / 3:11 PM / a month ago

Atlanta Fed model estimate for U.S. third-quarter GDP edges up to 1.9%

NEW YORK (Reuters) - The U.S. economy is likely growing at a 1.9% annualized rate in the third quarter, based on the latest data on industrial output and housing starts, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday.

That compared to a 1.8% pace estimated by the Atlanta Fed’s GDP program on Sept. 13.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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