Skip to main content
← All News

GDP & Growth · August 12, 2026 · 2 min read

Atlanta Fed GDPNow Put Its Q3 Real GDP Growth Nowcast at 5.8% on August 6

By Econ Data Tools Editorial Team

Published August 12, 2026 • Updated August 21, 2026

The Federal Reserve Bank of Atlanta’s GDPNow model estimated 5.8% annualized real GDP growth for 2026:Q3 in its August 6 update; the next update is scheduled for August 14.

CONFIRMED FACTS The Federal Reserve Bank of Atlanta’s GDPNow page displayed a 5.8% estimate for 2026:Q3 real GDP growth, updated August 6, 2026. The page scheduled the next GDPNow update for August 14, 2026. The Atlanta Fed describes GDPNow as a running estimate of real GDP growth for the current measured quarter based on available economic data. It says the estimate is produced from the mathematical results of the model, without subjective adjustments. The page also states that GDPNow is not an official forecast of the Atlanta Fed, its president, the Federal Reserve System, or the FOMC. ANALYSIS The 5.8% figure is a model nowcast, not an official national-accounts release. It is an annualized quarterly growth-rate estimate for real GDP, and it can change as the model incorporates additional source data before the Bureau of Economic Analysis releases its advance estimate for the quarter. UNKNOWNS AND LIMITS This update does not establish the eventual BEA estimate for third-quarter GDP, the drivers of the nowcast, or the outlook beyond the quarter. The Atlanta Fed cautions that forecast error can be substantial even shortly before the advance estimate. A nowcast also does not directly measure household income, inflation, labor-market conditions, or the distribution of economic activity. UPDATE LOG Published August 12, 2026 after direct review of the Federal Reserve Bank of Atlanta’s GDPNow page. The live Data Brief inventory was checked for duplicate slugs, canonical source URLs, and substantive overlap. No published brief used this GDPNow source or covered the August 6 Q3 2026 nowcast.

Follow the data

Sources

Related News

U.S. Consumer Price Index Increases 0.4% in August 2026 as Energy Costs Accelerate

The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent on a seasonally adjusted basis in August 2026, up from 0.1 percent in July. Over the last 12 months, the all-items index grew 3.4 percent before seasonal adjustment, remaining unchanged from the annual pace recorded in July. Gasoline prices accounted for more than one-third of the monthly gain, rising 3.9 percent. Meanwhile, core CPI, which excludes food and energy, rose 0.3 percent month-over-month and 2.4 percent on a 12-month basis.

U.S. Consumer Price Index Rises 0.4% in August as Gasoline Prices Accelerate Inflation

The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers increased by 0.4 percent on a seasonally adjusted basis in August 2026, accelerating from a 0.1 percent gain in July. On an unadjusted basis, the headline all-items index rose 3.4 percent over the 12 months ending August, matching the annual pace recorded in the prior month. The monthly increase was primarily driven by energy costs, as gasoline prices jumped 3.9 percent and accounted for over one-third of the headline monthly increase. Meanwhile, core CPI—which excludes food and energy components—rose 0.3 percent month-over-month and 2.4 percent year-over-year, reflecting modest upward pressure in shelter and transportation services.

U.S. Consumer Price Index Rose 0.4 Percent in August 2026 as Energy Costs Rebounded

The U.S. Consumer Price Index for All Urban Consumers increased 0.4 percent month-over-month in August 2026 on a seasonally adjusted basis, driven significantly by a 3.9 percent surge in gasoline prices, according to data released by the Bureau of Labor Statistics. Over the 12 months ending August 2026, total CPI rose 3.4 percent unadjusted, matching the annual pace recorded in July. Core CPI, which excludes food and energy, increased 0.3 percent for the month and 2.4 percent year-over-year.