Euro Area EUR

Euro Area GDP Growth Rate QoQ 2nd Est

Impact:
High
Source: EUROSTAT

Latest Release:

Date:
Big Surprise:
-0.1%
| EUR
Actual:
0.3%
Forecast: 0.4%
Previous/Revision:
0.2%
Period: Q1

Next Release:

Date:
Forecast: 0.1%
Period: Q2
What Does It Measure?
The Euro Area GDP Growth Rate QoQ measures the percentage change in the Gross Domestic Product (GDP) of the Eurozone from one quarter to the next, specifically evaluating the economic performance and growth dynamics of the region. It encompasses a broad assessment of economic activity, focusing on production, consumption, investment, and trade within participating member countries.
Frequency
This indicator is released quarterly, typically providing preliminary figures for the current quarter, followed by a more detailed final estimate a month later, with the preliminary data usually published around the end of the month following the quarter's conclusion.
Why Do Traders Care?
Traders pay close attention to GDP growth figures as they are critical indicators of economic health, influencing monetary policy decisions and market sentiment. Positive growth can boost confidence in the Eurozone economy, leading to a stronger euro and rising equity markets, while negative growth may lead to bearish trends in currencies and stocks.
What Is It Derived From?
The GDP Growth Rate is derived from a comprehensive compilation of national accounts data submitted by Eurozone member states, including methodologies that incorporate factors such as consumption, investment, government expenditure, and net exports. The primary calculations utilize seasonally adjusted figures to provide a clearer view of economic trends while accounting for typical seasonal fluctuations.
Description
Preliminary reports reflect early estimates based on incomplete data and are thus subject to revision, while final reports offer a more accurate depiction of economic conditions based on comprehensive data collection. The quarter-over-quarter (QoQ) reporting method provides insights into short to medium-term trends, making it particularly relevant for traders seeking to understand immediate economic performance rather than long-term changes.
Additional Notes
The Euro Area GDP Growth Rate serves as a coincident economic measure, closely tracking the overall economic health and performance of the Eurozone. This indicator is often compared with other economic indicators like unemployment rates and inflation to assess the broader economic environment and to ascertain trends within the region.

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
0.3%
0.4%
0.2%
-0.1%
0.1%
0%
0.4%
0.1%
0.4%
0.4%
0.2%
0.3%
0.3%
0.3%
0.3%
0.3%
-0.1%
0%
0%
-0.1%
-0.1%
-0.1%
0.2%
0.3%
0.3%
0%
0.1%
0.1%
0%
0.1%
0.1%
0.3%
0.2%
0.2%
0.8%
0.6%
0.7%
0.5%
-0.1%
0.3%
0.2%
0.3%
0.1%
0.3%
0.3%
2.2%
2.2%
2.2%
2.1%
2%
2%
-0.3%
-0.6%
-0.6%
-0.7%
-0.6%
-0.7%
12.4%
0.1%
12.6%
12.7%
-11.8%
-0.1%
-12.1%
-12.1%
-3.6%
-3.8%
-3.8%
0.1%
0.1%
0.1%
0.3%
0.2%
0.2%
0.2%
0.2%
0.2%
0.4%
0.4%
0.4%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.4%
0.4%
0.4%
0.4%
0.4%
0.4%
0.7%
0.6%
0.6%
0.7%
0.6%
0.6%
0.7%
0.6%
0.6%
0.5%
0.5%
0.5%
0.5%
0.4%
0.5%
0.3%
-0.1%
0.3%
0.3%
0.3%
0.3%
0.3%
0.6%
0.5%
0.6%
0.3%
-0.1%
0.3%
0.3%
0.3%
0.3%
0.3%
0.4%
0.4%
0.3%
0.5%
0.1%
0.4%
0.4%
0.4%