France GDP Growth Rate YoY 1st Est

Info

History

Chart

Impact:

High

Latest Release:

Big Surprise:

-0.5%

EUR

Actual:

0.8%

Forecast: 1.3%

Previous/Revision:

1.2%

Period: Apr 2017

What Does It Measure?

The France GDP Growth Rate YoY 1st Estimate measures the annual percentage change in the gross domestic product (GDP) of France, indicating the nation's economic performance over the preceding 12 months. This indicator primarily focuses on overall economic activity, incorporating various components such as consumption, investment, government spending, and net exports.

Frequency

This economic indicator is published quarterly, with the first estimate typically released around 30 days after the close of the quarter.

Why Do Traders Care?

Traders pay close attention to the GDP Growth Rate because it reflects the health of the economy, which can have significant implications for financial markets. Stronger-than-expected GDP growth tends to boost investor confidence, positively affecting the euro and French equities, while weaker results may lead to bearish sentiment in both currencies and stock markets.

What Is It Derived From?

The GDP Growth Rate is derived from a comprehensive analysis of economic data sources, including national accounts, business surveys, and reports from various sectors. The calculation utilizes established macroeconomic methodologies that aggregate production, income, and expenditure across the economy to produce a reliable estimate.

Description

Preliminary reports for the GDP Growth Rate represent early estimates based on available data, which may be revised later as additional information becomes available; in contrast, final reports provide a more accurate assessment, often leading to market recalibrations once released. The GDP is reported Year-over-Year (YoY), offering a clearer picture of long-term economic growth trends while minimizing seasonal fluctuations, which is crucial for traders assessing the economy's trajectory.

Additional Notes

The GDP Growth Rate serves as a coincident economic indicator, aligning closely with the overall performance of the economy and reflecting shifts in both consumer and business activity. It relates to various leading indicators such as consumer confidence and manufacturing indices, providing insight into future economic conditions.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks. Dovish tone: Signaling lower economic growth could indicate lower interest rates or economic support, which is usually bad for the EUR but good for Stocks due to cheaper borrowing costs.

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	Actual	Forecast	Previous	Surprise
Apr 28, 2017	0.8%	1.3%	1.2%	-0.5%
Jan 31, 2017	1.1%	1.2%	1%	-0.1%
Oct 28, 2016	1.1%	1.2%	1.3%	-0.1%
Jul 29, 2016	1.4%	1.1%	1.3%	0.3%
Apr 29, 2016	1.3%	1%	1.4%	0.3%