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US Economic Growth Displayed by GDP Figures

GDP (QoQ) (US)

Final GDP Reading

Starts Wednesday, October 17, 2018 at 20:21
Updated Thursday, September 27, 2018
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The US economy went through a rough period during winter and as a result the GDP report for Q1 of this year showed a mere 2.0% growth, which was lower than the 2.2% estimate. But, we saw a decent expansion in Q2. The economy grew by 4.2% as the second estimate revised the first estimate a tad higher. The final reading today is expected to remain unchanged, but there might be a positive surprise. Durable goods orders will be released at the same time, so the effect on the USD might be a bit confusing if the data contradicts each other.

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About GDP (QoQ) (US)
Gross Domestic Product (GDP) measures the total value of a country’s industrial output over a given period. It consists of the aggregate domestic production of goods and services by individuals, businesses, and government. GDP data is available in dollar or index form. U.S. GDP (QoQ) is the comparison of growth from one fiscal quarter to the next, represented in a percentage format.GDP (QoQ) is a leading indicator of U.S. economic health. High levels of GDP growth are viewed as being positive for U.S. indices as well as the USD. Low levels of growth are negative to most asset classes and are common to recessionary cycles. The U.S. Federal Reserve (FED) places a great deal of emphasis on quarterly GDP. Robust growth is often a prelude to monetary tightening, while stagnate levels provide an environment conducive to Quantitative Easing (QE).Traders monitor GDP (QoQ) releases closely. Abnormal reports may cause rapid buying or selling of the U.S. indices or USD. Currency, equities, and commodities markets all exhibit enhanced degrees of volatility surrounding the GDP release.
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