US DATA: Atlanta Fed GDPNow Revised To New High For Q4

• Atlanta Fed GDPNow for real GDP growth in Q4 was revised up a tenth to 2.7% from the 2.6% of Dec 14, a new high for the Q4 vintage.
• It's driven by private domestic investment growth revised up from 0.5% to 0.8%.
• If accurate, it would mark no payback after surging 5.15% annualized in Q3, having been tracking an average 2.1% in 1H23.
• In contribution terms, personal consumer spending is seen adding 2.04pps after the 2.44pps in Q3, whilst change in net inventories is the largest drag, seen at -0.4pps having added +1.4pps in Q3.

Source: Atlanta Fed