US Economic Growth Displayed by GDP Figures
GDP (QoQ) (US)
US Final Q3 GDP to Remain Unchanged From the Preliminary Reading
Starts Friday, December 21, 2018 at 13:30
Updated Friday, December 21, 2018
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 final reading for Q2 was revised higher to 4.2% from 4.1%. In Q3 the US economy grew by 3.5% on an annualized basis as the first estimate showed. The prelim GDP or the third estimate for Q3 came at 3.5%. The final reading released this week is expected to remain unchanged at 3.5% again. Please follow us for live coverage of this event and the impact it might have on the currency by experienced market analysts.
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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.