US Advance GDP q/q
Monitor US Advance GDP q/q, a crucial indicator of economic health, reflecting quarterly economic activity in annualized format.
Overview
This is the broadest indicator of economic activity and serves as the main barometer of economic health. Although this data is reported quarterly, it is presented in an annualized format (quarterly change multiplied by four). There are three releases of GDP data, spaced one month apart: Advance, Preliminary, and Final. The Advance report is the first to be published and typically has the most significant impact.
Key Information
What it Measures
Annualized change in the inflation-adjusted value of all goods and services generated by the economy.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast,' it is considered favorable for the currency.
Source & Frequency
Bureau of Economic Analysis (latest release) - https://www.bea.gov/ • Released on a quarterly basis, approximately 30 days after the end of the quarter.
How Data is Derived
N/A
Also Known As
GDP First Release, Estimated GDP
Acronym
Gross Domestic Product (GDP)