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US quarterly GDP index
The United States Quarterly Gross Domestic Product Index is the gross domestic product (GDP) report released at quarterly intervals rather than at its normal annual rates. Gross domestic product is the value of all goods and services produced in a country over a specific period of time, and is a measure of the strength of that country’s economy.
Its quarterly release measures the change in GDP from the demand side over four quarters (ie three months). For example, the first quarterly report of the current fiscal year measures January through March, the second quarterly report covers April through June, and so forth. Quarterly reports are sometimes more useful than annual reports because they provide more recent and accurate data on economic growth trends at closer times.
Impact of US Quarterly GDP Index on US Dollar Trading in Forex?
The US quarterly GDP indicator can have a significant impact on US dollar forex trading. Forex traders and investors closely monitor GDP figures, as they are among the most important economic indicators that reflect the overall health of the US economy. The release of GDP data can cause fluctuations in the value of the US dollar against other currencies, as investors adjust their positions based on the perceived strength or weakness of the US economy.
If the quarterly US GDP is higher than expected, it can be seen as a positive sign for the economy, and investors may buy more US dollars in anticipation of increased economic growth and the possibility of higher interest rates. This can cause the value of the US dollar to rise against other currencies, causing exchange rates to rise.
The body responsible for the release of the quarterly GDP of the United States
The quarterly release of the United States GDP is the responsibility of the Bureau of Economic Analysis (BEA), an agency within the US Department of Commerce. The BEA is responsible for collecting, analyzing, and reporting data on the US economy, including GDP and other important economic indicators.
BEA publishes three quarterly GDP growth estimates: an advance estimate, a second estimate, and a final estimate. The advance estimate is released near the end of the first month following the end of the quarter, while the second and final estimates are released in subsequent months when additional data become available. The final estimate, which is based on the most complete data, is released about three months after the end of the quarter.
The quarterly GDP data release by the BEA is widely anticipated by economists, policymakers and investors, as it provides a timely and comprehensive measure of the health and growth of the US economy. The release of GDP data could have a significant impact on financial markets, and broader Interest rates, and government policies, as investors and policy makers adjust their positions based on the strength or weakness of the economy.
When will the US quarterly GDP be released?
It is released quarterly, about 60 days after the end of the quarter
next release
Feb 28, 2024
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