Italy EUR

Italy Full Year GDP Growth

Info

History

Chart

Impact:

High

Source: National Institute of Statistics (ISTAT)

Latest Release:

Date:

Big Surprise:

0.2%

EUR

Actual:

0.7%

Forecast: 0.5%

Previous/Revision:

0.7%

Period: 2024

What Does It Measure?

The Full Year GDP Growth measures the annual change in a country's gross domestic product (GDP), reflecting the overall economic performance and health of the economy. This indicator focuses on the total value of all goods and services produced within Italy, assessing key components such as consumption, investment, government spending, and net exports.

Frequency

The Full Year GDP Growth is released annually, typically published several weeks after the close of the calendar year in which it applies, often providing final figures that encompass revisions of preliminary estimates.

Why Do Traders Care?

Traders closely monitor Full Year GDP Growth due to its direct implications for economic strength, impacting financial markets by influencing currency valuations (e.g., EUR) and stock market performance. Stronger-than-expected growth can signal robust economic conditions, bolstering investor sentiment and leading to currency appreciation, while weaker results may lead to bearish reactions in both currencies and equities.

What Is It Derived From?

The Full Year GDP Growth is derived from comprehensive national accounts data collected by Italy's National Institute of Statistics (ISTAT), which includes detailed assessments of consumer spending, business investments, and government expenditures. The calculations involve complex methodologies including the expenditure approach, where contributions from different sectors are aggregated to compute the total GDP.

Description

Preliminary reports provide early estimates of GDP growth based on incomplete data but are subject to revision as more accurate information becomes available; the final report is a more precise assessment of economic performance reflecting actual data. The year-over-year comparison used in this event helps eliminate seasonal effects and provides a clearer picture of long-term growth trends.

Additional Notes

The Full Year GDP Growth serves as a coincident indicator, reflecting current economic conditions, and is often compared with other indicators such as industrial production or employment rates to provide context on economic strength. Additionally, trends in Italy’s GDP growth can reflect broader regional economic developments within the Eurozone and inform global market sentiment.

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
Mar 03, 2025	0.7%	0.5%	0.7%	0.2%
Mar 01, 2024	0.9%	0.8%	4%	0.1%
Mar 01, 2023	3.7%	3.9%	7%	-0.2%
Mar 01, 2022	6.6%	6.3%	-9%	0.3%
Mar 01, 2021	-8.9%	-8.8%	0.3%	-0.1%
Mar 02, 2020	0.3%	0.2%	0.8%	0.1%
Mar 01, 2019	0.9%	1%	1.6%	-0.1%