Euro Area GDP Growth Rate YoY 2nd Est

Info

History

Chart

Impact:

High

Source: EUROSTAT

Latest Release:

Date:

Actual:

1.2%

Forecast: 1.2%

Previous/Revision:

1.2%

Period: Q1

Next Release:

Date:

Period: Q2

What Does It Measure?

The Euro Area GDP Growth Rate Year-over-Year (YoY) measures the annual economic growth of the Eurozone, specifically indicating how much the total economic output (Gross Domestic Product or GDP) has increased or decreased compared to the same period in the previous year. It assesses overall production, consumer spending, business investment, and trade balance, providing a comprehensive view of economic performance across EU member states that use the euro.

Frequency

The Euro Area GDP Growth Rate YoY is released quarterly, with estimates and revisions typically published around a month after the end of the respective quarter.

Why Do Traders Care?

Traders closely monitor GDP growth as it is a key indicator of economic health and can significantly impact financial markets, influencing currencies, stocks, and bonds. A higher-than-expected growth rate can lead to bullish sentiments for the euro and equities, while disappointing figures may create bearish pressure across these markets.

What Is It Derived From?

This indicator is derived from a combination of data sources, including national accounts data from Eurozone countries and economic surveys that gauge various components of GDP. The calculations follow established Eurostat methodologies, incorporating data from government spending, household consumption, investment, and net exports to reflect the overall economic output accurately.

Description

The Euro Area GDP Growth Rate is reported on a Year-over-Year (YoY) basis, which compares economic output with the same quarter in the previous year, allowing for the analysis of long-term growth trends while smoothing out seasonal fluctuations. This approach is particularly valuable for identifying structural changes in the economy, as it effectively eliminates the seasonal impacts that may distort shorter-term measurements.

Additional Notes

This GDP growth rate serves as a coincident economic measure, providing insights into current economic activity relative to past performance. It often aligns with industrial production and employment metrics, helping economists assess broader economic trends within the Eurozone and its relation to global economic conditions.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, 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	Actual	Forecast	Previous	Surprise
May 15, 2025	1.2%	1.2%	1.2%
Feb 14, 2025	0.9%	0.9%	0.9%
Nov 14, 2024	0.9%	0.9%	0.6%
Aug 14, 2024	0.6%	0.6%	0.5%
May 15, 2024	0.4%	0.4%	0.1%
Feb 14, 2024	0.1%	0.1%	0%
Nov 14, 2023	0.1%	0.1%	0.5%
Aug 16, 2023	0.6%	0.6%	1.1%
May 16, 2023	1.3%	1.3%	1.8%
Feb 14, 2023	1.9%	1.9%	2.3%
Nov 15, 2022	2.1%	2.1%	4.3%
Aug 17, 2022	3.9%	4%	5.4%	-0.1%
May 17, 2022	5.1%	5%	4.7%	0.1%
Feb 15, 2022	4.6%	4.6%	3.9%
Nov 16, 2021	3.7%	3.7%	14.2%
Aug 17, 2021	13.6%	13.7%	-1.3%	-0.1%
May 18, 2021	-1.8%	-1.8%	-4.9%
Feb 16, 2021	-5%	-5.1%	-4.3%	0.1%
Nov 13, 2020	-4.4%	-4.3%	-14.8%	-0.1%
Aug 14, 2020	-15%	-15%	-3.1%
May 15, 2020	-3.2%	-3.3%	1%	0.1%
Feb 14, 2020	0.9%	1%	1.2%	-0.1%
Nov 14, 2019	1.2%	1.1%	1.2%	0.1%
Aug 14, 2019	1.1%	1.1%	1.2%
May 15, 2019	1.2%	1.2%	1.2%
Feb 14, 2019	1.2%	1.7%	1.6%	-0.5%
Nov 14, 2018	1.7%	1.7%	2.2%
Aug 14, 2018	2.2%	2.2%	2.5%
May 15, 2018	2.5%	2.5%	2.8%
Feb 14, 2018	2.7%	2.7%	2.8%
Nov 14, 2017	2.5%	2.5%	2.3%
Aug 16, 2017	2.2%	2.1%	1.9%	0.1%
May 16, 2017	1.7%	1.7%	1.8%
Feb 14, 2017	1.7%	1.8%	1.7%	-0.1%
Nov 15, 2016	1.6%	1.6%	1.6%
Aug 12, 2016	1.6%	1.6%	1.7%
May 13, 2016	1.5%	1.6%	1.6%	-0.1%
Mar 08, 2016	1.6%	1.5%	1.6%	0.1%
Dec 08, 2015	1.6%	1.6%	1.5%
Sep 08, 2015	1.5%	1.2%	1.2%	0.3%
Jun 09, 2015	1%	1%	0.9%