Euro Area EUR

Euro Area GDP Growth Rate YoY 3rd Est

Impact:
High
Source: EUROSTAT

Latest Release:

Date:
Big Surprise:
0.3%
| EUR
Actual:
1.5%
Forecast: 1.2%
Previous/Revision:
1.2%
Period: Q1

Next Release:

Date:
Period: Q2
What Does It Measure?
The Euro Area GDP Growth Rate Year-over-Year (YoY) 3rd Est measures the annual percentage change in the gross domestic product of the Eurozone, reflecting the overall economic performance and health of the region. It assesses various components of economic activity, including consumption, investment, government spending, and net exports, focusing on growth dynamics and economic expansion or contraction.
Frequency
This indicator is typically released quarterly, with the 3rd estimate reflecting revisions and adjustments to previous estimates, generally published around the second month following the quarter's conclusion.
Why Do Traders Care?
Traders closely monitor the GDP growth rate as it signals economic strength or weakness, influencing market sentiment and expectations. A stronger-than-expected figure can bolster the Euro (EUR) and boost equity markets, while disappointing results may lead to depreciation of the Euro and a bearish outlook for stocks.
What Is It Derived From?
This growth rate is derived from a comprehensive assessment of national accounts data collected from Eurozone member states, relying on standardized methodologies for calculating GDP, with contributions from consumption, investment, public spending, and exports obtained from statistical agencies. The analysis includes adjustments for inflation and seasonal variations to ensure accuracy.
Description
The 3rd estimate of the Euro Area GDP growth rate serves as a refined measure that incorporates more complete data and adjustments for previously reported figures, distinguishing itself from initial estimates. Preliminary reports are based on early data, while final figures provide a more accurate overview of economic activity, though markets often react swiftly to preliminary data, which can change sentiment before final confirmations are made.
Additional Notes
The Euro Area GDP Growth Rate is considered a coincident economic indicator, providing immediate insights into current economic conditions and trends. It is often compared to other economic metrics, such as inflation and employment rates, to paint a broader picture of economic health within the Eurozone and provides context for both regional economic conditions and global economic trends.
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 Time Actual Forecast Previous Surprise
1.5%
1.2%
1.2%
0.3%
1.2%
0.9%
1%
0.3%
0.9%
0.9%
0.5%
0.6%
0.6%
0.5%
0.4%
0.4%
0.2%
0.1%
0.1%
0.1%
0%
0.1%
0.6%
-0.1%
0.5%
0.6%
1.1%
-0.1%
1%
1.2%
1.8%
-0.2%
1.8%
1.9%
2.4%
-0.1%
2.3%
2.1%
4.2%
0.2%
4.1%
3.9%
5.4%
0.2%
5.4%
5.1%
4.7%
0.3%
4.6%
4.6%
4%
3.9%
3.7%
14.4%
0.2%
14.3%
13.6%
-1.2%
0.7%
-1.3%
-1.8%
-4.7%
0.5%
-4.9%
-5%
-4.2%
0.1%
-4.3%
-4.4%
-14.7%
0.1%
-14.7%
-15%
-3.2%
0.3%
-3.1%
-3.2%
1%
0.1%
1%
0.9%
1.3%
0.1%
1.2%
1.2%
1.2%
1.2%
1.1%
1.3%
0.1%
1.2%
1.2%
1.2%
1.1%
1.2%
1.6%
-0.1%
1.6%
1.7%
2.2%
-0.1%
2.1%
2.2%
2.4%
-0.1%
2.5%
2.5%
2.8%
2.7%
2.7%
2.7%
2.6%
2.5%
2.4%
0.1%
2.3%
2.2%
2%
0.1%
1.9%
1.7%
1.8%
0.2%
1.7%
1.7%
1.8%
1.7%
1.6%
1.7%
0.1%
1.6%
1.6%
1.7%
1.7%
1.5%
1.7%
0.2%