Before revision: The aim of this paper is to estimate short-term forecasts of the US GDP components by expenditure approach sooner than they are officially released by the national institutions of statistics . For this reason, nowcasts along with 1- and 2-quarter forecasts are estimated by using available monthly information , officially released with a considerably smaller delay.
After revision: The aim of this paper is to estimate short-term forecasts of the US GDP components by expenditure approach sooner than they are officially released by the national institutions of statistics officially release the data. We estimate current quarter nowcasts along with 1- and 2-quarter forecasts are estimated by using available monthly information , officially released with a considerably smaller delay.