United States USD

United States GDP Growth Rate QoQ Final

Impact:
High

Latest Release:

Date:
Surprise:
0.1%
| USD
Actual:
2.4%
Forecast: 2.3%
Previous/Revision:
3.1%
Period: Q4

Next Release:

Date:
Forecast: -0.2%
Period: Q1
What Does It Measure?
The United States GDP Growth Rate QoQ Final measures the rate of economic growth by comparing the Gross Domestic Product in a given quarter to the GDP in the previous quarter, assessing overall economic activity and health. It focuses on key components such as consumption, investment, government spending, and net exports, with a growth rate above 0 indicating expansion and below 0 indicating contraction at the national level.
Frequency
This report is released quarterly, typically published about one month after the end of the quarter, providing a final and comprehensive estimate of GDP growth.
Why Do Traders Care?
Traders closely watch the GDP Growth Rate as it directly influences financial markets, often affecting currencies like the USD, equities, and bonds; higher-than-expected growth can signal a strong economy, boosting investor confidence, while lower growth can lead to bearish sentiments. Its timely nature helps traders make informed decisions regarding asset allocation and economic forecasts.
What Is It Derived From?
The GDP Growth Rate is derived from national accounts data compiled by the Bureau of Economic Analysis (BEA), which includes a wide range of economic indicators such as consumer spending surveys, business investment data, and trade balance statistics. This comprehensive approach ensures accurate and representative calculations compared to industry standards.
Description
This report, being the final figure, provides a more accurate reflection of economic growth than preliminary estimates, which are based on limited data and subject to revisions. The final GDP growth rate is crucial for understanding the economy's performance and is released quarterly, allowing for ongoing analysis of economic trends.
Additional Notes
As a coincident economic indicator, the GDP Growth Rate is integral in assessing the current health of the economy, and it often serves as a benchmark for other related indicators such as unemployment rates and consumer confidence. It is essential in comparisons to previous quarters or other regions, highlighting overall economic performance and structural changes globally.
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. Dovish tone: Signaling lower interest rates or economic support, is usually good for the USD but bad for Stocks due to the potential for lower corporate earnings growth amidst an uncertain economic backdrop.

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
2.4%
2.3%
3.1%
0.1%
3.1%
2.8%
3%
0.3%
3%
3%
1.6%
1.4%
1.4%
3.4%
3.4%
3.2%
4.9%
0.2%
4.9%
5.2%
2.1%
-0.3%
2.1%
2.1%
2.2%
2%
1.4%
2.6%
0.6%
2.6%
2.7%
3.2%
-0.1%
3.2%
2.9%
-0.6%
0.3%
-0.6%
-0.6%
-1.6%
-1.6%
-1.5%
6.9%
-0.1%
6.9%
7.1%
2.3%
-0.2%
2.3%
2.1%
6.7%
0.2%
6.7%
6.6%
6.3%
0.1%
6.4%
6.4%
4.3%
4.3%
4.1%
33.4%
0.2%
33.4%
33.1%
-31.4%
0.3%
-31.4%
-31.7%
-5%
0.3%
-5%
-5%
2.1%
2.1%
2.1%
2.1%
2.1%
2.1%
2%
2%
2%
3.1%
3.1%
3.1%
2.2%
2.2%
2.4%
3.4%
-0.2%
3.4%
3.5%
4.2%
-0.1%
4.2%
4.2%
2.2%
2%
2.2%
2.9%
-0.2%
2.9%
2.7%
3.2%
0.2%
3.2%
3.3%
3.1%
-0.1%
3.1%
3%
1.2%
0.1%
1.4%
1.2%
2.1%
0.2%
2.1%
2%
3.5%
0.1%
3.5%
3.3%
1.4%
0.2%
1.4%
1.3%
0.8%
0.1%
1.1%
1%
1.4%
0.1%
1.4%
1%
2%
0.4%
2%
1.9%
3.9%
0.1%
3.9%
3.7%
0.6%
0.2%
-0.2%
-0.2%
2.2%