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Gross Domestic Product Annualized

The US Bureau of Economic Analysis (BEA) releases the Gross Domestic Product (GDP) growth on an annualized basis for each quarter. After publishing the first estimate, the BEA revises the data two more times, with the third release representing the final reading. Usually, the first estimate is the main market mover and a positive surprise is seen as a USD-positive development while a disappointing print is likely to weigh on the greenback. Market participants usually dismiss the second and third releases as they are generally not significant enough to meaningfully alter the growth picture.

Most recent - Wednesday 28 February 2024 13:30

Previous
3.3%
Revised
-
Forecast
3.3%
Actual
3.2%

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Trading range

Forecast history

The most recent announced value for Gross Domestic Product Annualized was 3.2% against a forecast of 3.3%.

Past events

Date
Forecast
Actual
Wednesday 28 February 2024 13:30
3.3%
3.2%
Thursday 25 January 2024 13:30
2%
3.3%
Thursday 21 December 2023 13:30
5.2%
4.9%
Wednesday 29 November 2023 13:30
5%
5.2%
Thursday 26 October 2023 12:30
4.2%
4.9%
Thursday 28 September 2023 12:30
2.1%
2.1%
Wednesday 30 August 2023 12:30
2.4%
2.1%
Thursday 27 July 2023 12:30
1.8%
2.4%
Thursday 29 June 2023 12:30
1.3%
2%
Thursday 25 May 2023 12:30
1.1%
1.3%
Thursday 27 April 2023 12:30
2%
1.1%
Thursday 30 March 2023 12:30
2.7%
2.6%
Thursday 23 February 2023 13:30
2.9%
2.7%
Thursday 26 January 2023 13:30
2.6%
2.9%
Thursday 22 December 2022 13:30
2.9%
3.2%
Wednesday 30 November 2022 13:30
2.6%
2.9%
Thursday 27 October 2022 12:30
2.4%
2.6%
Thursday 29 September 2022 12:30
-0.6%
-0.6%
Thursday 25 August 2022 12:30
-0.8%
-0.6%
Thursday 28 July 2022 12:30
0.5%
-0.9%
Wednesday 29 June 2022 12:30
-1.5%
-1.6%
Thursday 26 May 2022 12:30
-1.3%
-1.5%
Thursday 28 April 2022 12:30
1.1%
-1.4%
Wednesday 30 March 2022 12:30
7%
6.9%
Thursday 24 February 2022 13:30
7%
7%
Thursday 27 January 2022 13:30
5.5%
6.9%
Wednesday 22 December 2021 13:30
2.1%
2.3%
Wednesday 24 November 2021 13:30
2.2%
2.1%
Thursday 28 October 2021 12:30
2.7%
2%
Thursday 30 September 2021 12:30
6.6%
6.7%
Thursday 26 August 2021 12:30
6.7%
6.6%
Thursday 29 July 2021 12:30
8.5%
6.5%
Thursday 24 June 2021 12:30
6.4%
6.4%
Thursday 27 May 2021 12:30
6.5%
6.4%
Thursday 29 April 2021 12:30
6.1%
6.4%
Thursday 25 March 2021 12:30
4.1%
4.3%

Economic context

Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product Annualized result:

PreviousLatest
UoM 5-year Consumer Inflation Expectation(no change)2.9%2.9%
Michigan Consumer Sentiment IndexBearish change79.676.9
ISM Manufacturing Employment IndexBearish change47.145.9
ISM Manufacturing PMIBearish change49.147.8
ISM Manufacturing New Orders IndexBearish change52.549.2
ISM Manufacturing Prices PaidBearish change52.952.5
Pending Home Sales (MoM)Bearish change5.7%-4.9%
Chicago Purchasing Managers' IndexBearish change4644
Personal SpendingBearish change0.7%0.2%
Personal Income (MoM)Bullish change0.3%1%
Initial Jobless ClaimsBearish change202K215K
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change2.9%2.8%
Personal Consumption Expenditures - Price Index (MoM)Bullish change0.1%0.3%
Core Personal Consumption Expenditures - Price Index (MoM)Bullish change0.1%0.4%
Personal Consumption Expenditures - Price Index (YoY)Bearish change2.6%2.4%
Gross Domestic Product Price IndexBullish change1.5%1.7%
Core Personal Consumption Expenditures (QoQ)Bullish change2%2.1%
Personal Consumption Expenditures Prices (QoQ)Bullish change1.7%1.8%
Housing Price Index (MoM)Bearish change0.4%0.1%
Durable Goods Orders ex TransportationBearish change-0.1%-0.3%
Durable Goods Orders ex DefenseBearish change0.1%-7.3%
Nondefense Capital Goods Orders ex AircraftBullish change-0.6%0.1%
Durable Goods OrdersBearish change-0.3%-6.1%
New Home Sales Change (MoM)Bearish change7.2%1.5%
Existing Home Sales Change (MoM)Bullish change-0.8%3.1%
S&P Global Services PMIBearish change52.551.3
S&P Global Composite PMIBearish change5251.4
S&P Global Manufacturing PMIBullish change50.751.5
Initial Jobless ClaimsBullish change213K201K

About Gross Domestic Product Annualized

Country:United States
Currency:USD
Source:US Bureau of Economic Analysis
Category:Economic Activity
Frequency:Quarterly

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