NY Fed: GDP Nowcast ticks down to 2.6% for Q4

"The New York Fed Staff Nowcast for 2018:Q4 stands at 2.6%," the Federal Reserve Bank of New York announced on Friday.

Key quotes

• News from this week's data releases decreased the nowcast for 2018:Q4 by 0.1 percentage point.
• Negative surprises from industrial production and capacity utilization data were only partially offset by a positive surprise from retail sales data.