United States USD

United States GDP Growth Rate QoQ

Impact:
High

Latest Release:

Date:
Big Surprise:
1%
| USD
Actual:
4.3%
Forecast: 3.3%
Previous/Revision:
3.8%
Period: Q3
What Does It Measure?
The GDP Growth Rate measures the rate at which a country's economy is growing or contracting over a specific period, serving as a key indicator of economic health. This indicator primarily assesses overall economic production and performance, focusing on consumer spending, business investment, government spending, and net exports.
Frequency
The GDP Growth Rate is reported quarterly, with the preliminary estimate typically released about one month after the quarter ends, followed by a final figure that may come a few months later.
Why Do Traders Care?
Traders closely monitor GDP growth as it significantly influences financial markets, affecting currency valuations, stock prices, and bond yields. A higher-than-expected growth rate can bolster investor confidence, leading to bullish sentiment in equities and a stronger domestic currency, while lower-than-expected figures may prompt negative market reactions.
What Is It Derived From?
The GDP Growth Rate is calculated using a variety of economic data, including consumer expenditure surveys, business investment data, government spending figures, and trade balances. The calculation follows national accounting standards and aggregates the total value of goods and services produced within a country.
Description
The GDP Growth Rate is reported on a quarter-over-quarter (QoQ) basis, indicating economic performance relative to the previous quarter. This measure provides insights into recent economic trends, allowing analysts and traders to gauge short-term fluctuations and their potential impact on fiscal policies and business conditions. Comparisons with year-over-year figures are often made for a broader perspective on economic growth.
Additional Notes
As a coincident economic measure, the GDP Growth Rate reflects the current state of economic activity and serves as a leading indicator for future economic performance. It is often compared with other indicators, such as unemployment rates and inflation, to provide a comprehensive view of economic conditions.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks. Lower than expected: Bearish for USD, 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 Time Actual Forecast Previous Surprise
4.3%
3.3%
3.8%
1%
2.6%
2.5%
3.4%
0.1%