Friday’s update on industrial production and retail sales for August, along with the ongoing changes in the market indicators, provides an opportunity to run fresh numbers on the Capital Spectator’s 10-factor GDP nowcast (see this post for an overview of the methodology).1 The current nowcast anticipates Q3:2012 GDP rising at nearly 2.0% in real annualized terms—down from the previous +2.3% nowcast. (The government’s first estimate of Q3 GDP is scheduled for release on October 26.)