Monitor IT Prelim GDP q/q, a crucial indicator of economic health and primary driver of market movements.
This indicator is the most comprehensive measure of economic activity and serves as the main barometer for assessing the economy's overall health. News agencies may report early leaks regarding this data, which will be noted on the calendar but removed if proven inaccurate. There are two GDP versions released roughly 25 days apart: the Preliminary and the Final. The Preliminary release, being the first, generally has the most significant impact, while the Final is often considered less relevant.
What it Measures
It reflects 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 typically has a positive effect on the currency.
Source & Frequency
Istat (latest release) - https://www.istat.it/en/ • GDP releases occur quarterly, approximately 30 days following the conclusion of each quarter.
How Data is Derived
N/A
Also Known As
Preliminary GDP Estimate
Acronym
Gross Domestic Product (GDP)