Spain EUR

Spain GDP Growth Rate YoY Flash

Impact:
High

Latest Release:

Date:
Surprise:
-0.4%
| EUR
Actual:
2.8%
Forecast: 3.2%
Previous/Revision:
3.3%
Period: Q1

Next Release:

Date:
Period: Q2
What Does It Measure?
The Spain GDP Growth Rate YoY Flash measures the annual percentage change in the gross domestic product (GDP) of Spain, indicating the country's economic growth or contraction over a one-year period. It primarily focuses on overall economic activity, assessing production, consumption, investment, and net exports as key components of the economy.
Frequency
This event is released quarterly, with the flash estimate typically published within 30 days after the end of the quarter, serving as a preliminary figure that is subject to revision in subsequent reports.
Why Do Traders Care?
Traders pay close attention to the GDP Growth Rate YoY Flash as it serves as a critical indicator of economic health, influencing potential monetary policy decisions and market sentiment. Positive or higher-than-expected growth tends to be bullish for the euro (EUR) and equities, while weaker-than-expected results may have bearish implications for both.
What Is It Derived From?
The GDP growth rate is derived from comprehensive data collections that analyze the total economic output from various sectors, including the services, industry, and agriculture sectors, utilizing national accounts data from government statistics agencies. It incorporates contributions from consumption, investments, government spending, and trade balances, along with adjustments for inflation using implicit price deflators.
Description
The Spain GDP Growth Rate YoY Flash is a preliminary estimate reflecting the economic performance of the country over the past year. This indicator helps gauge the trajectory of economic activity and informs investors and policymakers about the current economic climate, often serving as a precursor to more detailed GDP reports.
Additional Notes
This indicator is considered a coincident economic measure, providing insights into the current economic conditions and aligning with business cycle indicators. It is relevant for comparisons with regional GDP figures from the Eurozone and other major economies, enhancing the understanding of broader economic trends.
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. Hawkish tone: Signaling higher interest rates or inflation concerns, is usually good for the EUR but bad for Stocks due to higher borrowing costs.

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 Time Actual Forecast Previous Surprise
2.8%
3.2%
3.3%
-0.4%
3.5%
3.2%
3.5%
0.3%
3.4%
3%
3.2%
0.4%
2.9%
1.5%
2.6%
1.4%
2.4%
1.9%
2.1%
0.5%
2%
1.5%
1.9%
0.5%
1.8%
1.6%
2%
0.2%
1.8%
2%
4.2%
-0.2%
3.8%
3%
2.9%
0.8%
2.7%
2.2%
4.8%
0.5%
3.8%
3.9%
6.8%
-0.1%
6.3%
5.5%
6.3%
0.8%
6.4%
6.5%
5.5%
-0.1%
5.2%
4.5%
3.4%
0.7%
2.7%
3.5%
17.5%
-0.8%
19.8%
19%
-4.2%
0.8%
-4.3%
-4.2%
-8.9%
-0.1%
-9.1%
-10.8%
-9%
1.7%
-8.7%
-12.2%
-21.5%
3.5%
-22.1%
-19.7%
-4.1%
-2.4%
-4.1%
-3.2%
1.8%
-0.9%
1.8%
1.7%
1.9%
0.1%
2%
1.9%
2%
0.1%
2.3%
2.3%
2.4%
2.4%
2.3%
2.3%
0.1%
2.4%
2.3%
2.4%
0.1%
2.5%
2.5%
2.5%
2.7%
2.7%
3%
2.9%
3%
3.1%
-0.1%
3.1%
3.1%
3.1%
3.1%
3.1%
3.1%
3.1%
3.1%
3%
3%
2.9%
3%
0.1%
3%
3%
3.2%
3.2%
3.1%
3.4%
0.1%
3.2%
3.1%
3.4%
0.1%
3.4%
3.2%
3.5%
0.2%
3.5%
3.5%
3.4%
3.4%
3.4%
3.1%
3.1%
3.1%
2.7%