United States USD

United States GDP Price Index QoQ 2nd Est

Impact:
Medium
Source: U.S. Bureau of Economic Analysis

Latest Release:

Date:
Surprise:
0.2%
| USD
Actual:
2.4%
Forecast: 2.2%
Previous/Revision:
1.9%
Period: Q4

Next Release:

Date:
Forecast: 3.7%
Period: Q1
What Does It Measure?
The GDP Price Index measures the rate of price change in all goods and services produced in an economy, serving as an indicator of inflation and economic health. This index focuses on production and inflation within the national economy, assessing the prices of en masse production outputs, and provides insights into overall economic activity.
Frequency
The GDP Price Index is released quarterly and may include preliminary estimates, final figures, or revisions, typically published approximately one month after the conclusion of the quarter.
Why Do Traders Care?
Traders closely monitor the GDP Price Index as it provides crucial insights into inflationary pressures and overall economic performance in the U.S., affecting financial markets. Higher-than-expected readings may strengthen the U.S. dollar and boost equities as they signal robust economic growth, while lower-than-expected results could lead to bearish movements in these assets.
What Is It Derived From?
The GDP Price Index is derived from comprehensive data collection methodologies involving extensive national accounts statistics, focusing on output from a wide range of sectors. It relies on detailed input from surveys, national accounts, and other economic reports, ensuring a cross-sectional representation of economic activities.
Description
The GDP Price Index is often reported as a final figure following preliminary estimates, where preliminary data is subject to revisions based on more accurate data collected afterwards. Traders typically focus on the final data for its improved reliability, while preliminary data captures initial market reactions due to its timely release. Year-over-Year (YoY) comparisons are preferred as they provide insights into long-term trends and avoid distortions from seasonality, which are critical for economic forecasting.
Additional Notes
The GDP Price Index is considered a lagging economic indicator, reflecting changes in the pricing structure of the economy after they occur, and serves as a key barometer for inflation trends. It can be used in conjunction with other reports such as the Consumer Price Index (CPI) to provide a more comprehensive view of inflationary dynamics across different sectors.
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 inflation concerns, is usually good for the USD but bad for Stocks due to potential lower growth expectations impacting corporate profits.

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
Feb 27, 2025
2.4%
 2.2%
1.9%
 0.2%
May 30, 2024
3.1%
 3.1%
1.7%
Feb 28, 2024
1.7%
 1.5%
3.3%
 0.2%
May 25, 2023
4.2%
 4%
3.9%
 0.2%
Feb 23, 2023
3.9%
 3.5%
4.4%
0.4%
May 26, 2022
8.1%
 8%
7.1%
 0.1%
Feb 24, 2022
7.2%
 6.9%
5.9%
0.3%
May 27, 2021
4.3%
 4.1%
1.9%
0.2%
Feb 25, 2021
2%
 2%
3.7%
May 28, 2020
1.6%
 1.4%
1.4%
0.2%
Feb 27, 2020
1.3%
 1.4%
1.8%
 -0.1%
May 30, 2019
0.5%
 0.6%
1.9%
 -0.1%
May 30, 2018
1.9%
 2%
2.3%
-0.1%
Feb 28, 2018
2.3%
 2.4%
2.1%
-0.1%
May 26, 2017
2.2%
2.1%
Feb 28, 2017
2%
 2.1%
1.4%
 -0.1%
May 27, 2016
0.6%
 0.7%
0.9%
 -0.1%
Feb 26, 2016
1%
 0.8%
1.3%
0.2%
May 29, 2015
-0.1%
 -0.1%
0.2%