United States USD

United States GDP Growth Rate QoQ 2nd Est

Impact:
Medium

Latest Release:

Date:
Surprise:
0.1%
| USD
Actual:
-0.2%
Forecast: -0.3%
Previous/Revision:
2.4%
Period: Q1

Next Release:

Date:
Period: Q2
What Does It Measure?
The United States GDP Growth Rate measures the change in the country's economic output, specifically calculated as the percentage increase in the real Gross Domestic Product (GDP) over a specified period, typically a quarter. This key indicator focuses on the overall economic activity, assessing production across various sectors, consumer spending, business investments, government spending, and net exports.
Frequency
The GDP Growth Rate is typically released quarterly, with the second estimate provided about a month after the initial release, reflecting revisions based on more comprehensive data.
Why Do Traders Care?
Traders closely monitor the GDP Growth Rate as it indicates the health of the economy, impacting investor confidence and financial markets. Stronger-than-expected growth can lead to bullish sentiment for the US Dollar and equities, while weaker results may cause bearish reactions in currencies and stock markets.
What Is It Derived From?
The GDP Growth Rate is derived from a comprehensive compilation of economic data, including consumption, investments, government spending, and trade balances, gathered through surveys and statistical reports from various sectors. The calculation adheres to industry standards, incorporating adjustments for inflation to yield real GDP figures.
Description
The GDP Growth Rate's second estimate differs from the preliminary report by incorporating more complete data, making it a more accurate reflection of the economic situation but released later. Traders interpret this report as a key indicator of economic momentum, with significant implications for monetary policy and market sentiment.
Additional Notes
As a coincident economic measure, the GDP Growth Rate provides insights into current economic conditions and trends; it is often used alongside other indicators like employment figures and inflation rates. Notably, it serves as a critical determinant for investor strategies and assessments of economic policy.
Bullish or Bearish for Currency and Stocks
Actual vs. forecasted values from the second estimate may classify economic growth as higher than expected: Bullish for USD, Bullish for Stocks. If this estimate indicates stronger economic performance, it suggests increased investor confidence, benefiting both the Dollar and equities significantly.

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
-0.2%
-0.3%
2.4%
0.1%
2.3%
2.3%
3.1%
2.8%
2.8%
3%
3%
2.8%
1.4%
0.2%
1.3%
1.3%
3.4%
3.2%
3.3%
4.9%
-0.1%
5.2%
5%
2.1%
0.2%
2.1%
2.4%
2%
-0.3%
1.3%
1.1%
2.6%
0.2%
2.7%
2.9%
3.2%
-0.2%
2.9%
2.7%
-0.6%
0.2%
-0.6%
-0.8%
-1.6%
0.2%
-1.5%
-1.3%
6.9%
-0.2%
7%
7%
2.3%
2.1%
2.2%
6.7%
-0.1%
6.6%
6.7%
6.3%
-0.1%
6.4%
6.5%
4.3%
-0.1%
4.1%
4.2%
33.4%
-0.1%
33.1%
33.2%
-31.4%
-0.1%
-31.7%
-32.5%
-5%
0.8%
-5%
-4.8%
2.1%
-0.2%
2.1%
2.1%
2.1%
2.1%
1.9%
2%
0.2%
2%
2%
3.1%
3.1%
3.1%
2.2%
3.5%
3.5%
4.2%
4.2%
4%
2.2%
0.2%
2.2%
2.3%
2.9%
-0.1%
2.5%
2.5%
3.2%
3.3%
3.2%
3.1%
0.1%
3%
2.7%
1.2%
0.3%
1.2%
0.9%
2.1%
0.3%
1.9%
2.1%
3.5%
-0.2%
3.2%
3%
1.4%
0.2%
1.1%
1.1%
0.8%
0.8%
0.9%
1.4%
-0.1%
1%
0.4%
2%
0.6%
2.1%
2%
3.9%
0.1%
3.7%
3.2%
0.6%
0.5%
-0.7%
0.2%
2.2%
-0.9%