NY Fed: GDP Nowcast stands at 2% for Q3 of 2017

"The New York Fed Staff Nowcast stands at 2.0% for 2017:Q3," the Federal Reserve Bank of New York announced on Friday.

Key quotes:

• News from this week's data releases had a small positive impact on the nowcast.
• Positive news from the ISM manufacturing report and from labor market data was only partly offset by negative news from consumption and construction data.