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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GreeceGreece GDP Annual Growth Rate YoY -iminary climbed to -4.6% in May 2013
FMPQuarterlyReleased August 2013
Greece GDP Annual Growth Rate YoY -iminary climbed to -4.6% in May 2013, released August 2013, up 1.0% from April's -5.6% reading. The print exceeded the -5.0% consensus by 0.4%.
Latest Release
-4.600000
Actual
-5.000000
Consensus
-5.600000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
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 Annual Growth Rate YoY -iminary (Greece) was reported at -4.6% in May 2013. This beat the market consensus of -5% by 0.4%. The reading rose from the previous value of -5.6%. This is classified as a medium-impact indicator released on a quarterly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update August 2013.
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GDP Annual Growth Rate YoY -iminary - GR
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About GDP Annual Growth Rate YoY -iminary — Greece
DEFINITION
The GDP Annual Growth Rate YoY (Year-over-Year) - preliminary is a key financial indicator that measures the percentage change in a country's Gross Domestic Product (GDP) over a one-year period. It provides valuable insight into the overall health and performance of a nation's economy, serving as a crucial tool for investors, policymakers, and businesses to make informed decisions. This preliminary figure is often used as a preliminary estimate before the final GDP data is released, allowing for early analysis and forecasting of economic trends.
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 (Aug 2013): actual -4.6 %, consensus -5 %.