Monitor US Prelim GDP q/q, a crucial indicator of economic health, reflecting quarterly activity annualized.
This is a comprehensive indicator of economic activity and serves as the primary metric for assessing the health of the economy. Although it reflects quarterly data, it is presented in an annualized format (quarterly change multiplied by four). The 'Previous' figure refers to the 'Actual' from the Advance release, which may cause the 'History' data to appear disconnected. There are three iterations of GDP released at one-month intervals: Advance, Preliminary, and Final. The Advance release, being the first, typically has the greatest influence.
What it Measures
Annualized change in the total value of all goods and services generated by the economy.
Usual Effect
When 'Actual' exceeds 'Forecast', it is beneficial for the currency.
Source & Frequency
Bureau of Economic Analysis (latest release) - https://www.bea.gov/ • Released quarterly, approximately 60 days following the conclusion of the quarter.
How Data is Derived
N/A
Also Known As
GDP Second Release
Acronym
Gross Domestic Product (GDP)