United States USD

United States GDP Sales QoQ Adv

Impact:
Low

Latest Release:

Date:
Surprise:
4.4%
Actual:
6.3%
Forecast: 1.9%
Previous/Revision:
-3.1%
Period: Q2

Next Release:

Date:
Period: Q4
What Does It Measure?
The United States Gross Domestic Product (GDP) Sales QoQ Advance measures the total value of all goods and services sold within the economy on a quarterly basis, reflecting economic activity and health. It focuses on production levels, consumer spending, business investments, and is indicative of overall economic performance; key indicators include consumer spending, gross private domestic investment, and net exports.
Frequency
This report is released quarterly, and the advance figure provides a preliminary estimate of GDP that is subject to revision in subsequent reports.
Why Do Traders Care?
Traders closely monitor GDP Sales because it is a crucial indicator of economic performance that influences financial markets; stronger-than-expected results typically bolster confidence, leading to bullish sentiments in currencies, equities, and commodities. Conversely, disappointing figures may induce bearish trends, prompting adjustments in investment strategies.
What Is It Derived From?
The GDP Sales figure is derived from a comprehensive survey and estimation process that aggregates data from various sources including household expenditures, business investments, and government spending. The calculation employs methodologies such as the expenditure approach, which assesses consumption, investment, government spending, and net exports.
Description
The GDP metric is reported as a quarter-over-quarter (QoQ) growth rate, revealing how the economy performs in a given quarter relative to the previous one, thus highlighting short-term trends. Preliminary reports are subject to later revisions, providing initial guidance on economic direction, while final reports offer a more accurate overview based on comprehensive data analyses.
Additional Notes
As a coincident economic measure, the GDP Sales closely aligns with broader economic trends and is vital for assessing the current state of the economy. Comparisons with other indicators, such as consumer confidence or unemployment rates, can provide additional context for interpreting economic conditions.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
 
7.4%
7.5%
6.3%
1.9%
-3.1%
4.4%
-2.5%
0.7%
3.3%
-3.2%
3.2%
2.9%
3.3%
0.3%
3%
2.2%
1.9%
0.8%
2%
2.8%
1.8%
-0.8%
2%
3.1%
3.9%
-1.1%
3.2%
2.5%
3.6%
0.7%
3.5%
4.5%
2.1%
-1%
2.3%
1.4%
4.2%
0.9%
3.4%
2.3%
1.1%
1.1%
1.4%
3.9%
4.5%
-2.5%
3.3%
1.9%
1.3%
1.4%
1.1%
-1.2%
-0.6%
0.8%
1.5%
-1.4%
1.9%
0.1%
-0.1%
8.1%
Broker Rebates