France EUR

France GDP Growth Rate QoQ 1st Est

Info

History

Chart

Impact:

High

Source: INSEE, France

Latest Release:

Date:

Actual:

0.3%

Forecast: 0.3%

Previous/Revision:

0.3%

Period: Q1

What Does It Measure?

The France GDP Growth Rate (QoQ, 1st Est) measures the percentage change in the value of all goods and services produced in the country during a specific quarter compared to the previous quarter. This economic indicator primarily focuses on overall economic performance and activity, assessing key components such as consumption, investment, government spending, and net exports to determine economic expansion or contraction.

Frequency

The GDP Growth Rate is released quarterly, typically published about one month after the end of the relevant quarter, and it is presented as a preliminary estimate which may be revised in subsequent reports.

Why Do Traders Care?

Traders pay close attention to the GDP Growth Rate as it serves as a vital gauge of economic health and can significantly influence financial markets, affecting currencies like the EUR and impacting equities and commodities. A higher-than-expected growth rate generally signals a strong economy, leading to bullish sentiments in the markets, while a lower reading may suggest economic weakness, creating bearish sentiment.

What Is It Derived From?

This indicator is derived from a comprehensive set of data collected from various sectors of the economy, including household consumption, government expenditure, business investment, and trade statistics. The calculation involves combining these figures to represent total output, following established national accounting standards, with revisions reflecting more accurate data as it becomes available.

Description

The preliminary GDP figure provides an early snapshot of economic growth but is based on estimates that can be adjusted as more complete information is gathered later. This report typically focuses on Quarter-over-Quarter comparisons, shedding light on short-term economic trends and allowing investors to assess immediate shifts in economic momentum.

Additional Notes

The GDP Growth Rate is considered a coincident economic indicator, as it reflects the current state of the economy. It is often compared with other economic measures, such as unemployment rates and consumer spending, to gain a comprehensive understanding of economic conditions in France and their impact on Europe and the global economy.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Apr 30, 2019	0.3%	0.3%	0.3%
Jan 30, 2019	0.3%	0.1%	0.3%	0.2%
Oct 30, 2018	0.4%	0.2%	0.2%	0.2%
Jul 27, 2018	0.2%	0.2%	0.2%
Apr 27, 2018	0.3%	0.4%	0.7%	-0.1%
Jan 30, 2018	0.6%	0.6%	0.5%
Oct 31, 2017	0.5%	0.5%	0.5%
Jul 28, 2017	0.5%	0.5%	0.5%
Apr 28, 2017	0.3%	0.4%	0.5%	-0.1%
Jan 31, 2017	0.4%	0.4%	0.2%
Oct 28, 2016	0.2%	0.3%	-0.1%	-0.1%
Jul 29, 2016	0%	0.2%	0.7%	-0.2%
Apr 29, 2016	0.5%	0.4%	0.3%	0.1%