Monitor the EZ Prelim Flash GDP q/q to gauge economic health. Earliest data, high impact.
This metric represents the most comprehensive indicator of economic activity and serves as the key barometer for assessing the health of the economy. There are three iterations of GDP data released approximately 20 days apart: Preliminary Flash, Flash, and Revised. The Preliminary Flash is the earliest release and typically has the most significant influence. This source has been available since April 2016.
What it Measures
It measures the change in the inflation-adjusted value of all goods and services produced within the economy.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast,' it is generally favorable for the currency.
Source & Frequency
Eurostat (latest release) - https://ec.europa.eu/eurostat/web/main/home • GDP figures are published quarterly, roughly 30 days following the end of the quarter.
How Data is Derived
N/A
Also Known As
GDP First Estimate
Acronym
Gross Domestic Product (GDP)