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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
HungaryHungary GDP Growth Rate YoY - P. climbed to 1.7% in August 2013
FMPQuarterlyReleased November 2013
Hungary GDP Growth Rate YoY - P. climbed to 1.7% in August 2013, released November 2013, up 1.2% from July's 0.5% reading. The print exceeded the 0.9% consensus by 0.8%.
Latest Release
1.700000
Actual
0.900000
Consensus
0.500000
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 Growth Rate YoY - P. (Hungary) was reported at 1.7% in August 2013. This beat the market consensus of 0.9% by 0.8%. The reading rose from the previous value of 0.5%. 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 November 2013.
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GDP Growth Rate YoY - P. - HU
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About GDP Growth Rate YoY - P. — Hungary
DEFINITION
GDP Growth Rate YoY, or Gross Domestic Product Growth Rate Year-over-Year, is a key economic indicator that measures the annual percentage change in a country's total economic output. It provides insight into the overall health and performance of an economy, as well as its potential for future growth. A positive GDP Growth Rate YoY indicates a growing economy, while a negative rate suggests a decline. This indicator is closely monitored by policymakers, investors, and businesses to make informed decisions and assess the overall economic climate.
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 (Nov 2013): actual 1.7 %, consensus 0.9 %.
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EXPECTED ZONE
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