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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BelgiumBelgium GDP Growth Rate QoQ Adv fell to 0.2% in Q2 2024
FMPQuarterlyReleased July 2024
Belgium GDP Growth Rate QoQ Adv fell to 0.2% in Q2 2024, released July 2024, down 0.1% from March's 0.3% reading. The reading missed the 0.3% consensus by 0.1%. GDP Growth Rate QoQ Adv has now declined for 4 consecutive months. GDP Growth Rate QoQ Adv is now the lowest in 15 months.
Latest Release
0.2
Actual
0.3
Consensus
0.3
Previous
Median Absolute Error
±0.1 percentage points
across last 12 releases
Last Call
Jul 2024
Predicted: 0.3
Actual: 0.2
Error: +0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth Rate QoQ Adv (Belgium) was reported at 0.2% in July 2024. This missed the market consensus of 0.3% by 0.1%. The reading fell from the previous value of 0.3%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.3%, down from the prior three at 0.37%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 0.1%.
Auto-generated from current model state · Refreshes on each release · Last update July 2024.
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GDP Growth Rate QoQ Adv - BE
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About GDP Growth Rate QoQ Adv — Belgium
DEFINITION
The GDP Growth Rate QoQ Adv is a key economic indicator that measures the quarterly change in a country's gross domestic product (GDP). It provides valuable insights into the overall health and performance of an economy, as well as its short-term growth trajectory. This indicator is closely monitored by investors, policymakers, and businesses to make informed decisions and assess the current state of the economy. A positive GDP Growth Rate QoQ Adv indicates a growing economy, while a negative rate suggests a decline.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2024): actual 0.2 %, consensus 0.3 %. Prior reading (Jan 2024): 0.3 %. Before that (Oct 2023): 0.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.