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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IsraelIsrael GDP Growth Annualized 1st fell to 1.2% in April 2024
FMPQuarterlyReleased August 2024
Israel GDP Growth Annualized 1st fell to 1.2% in April 2024, released August 2024, down 16.1% from March's 17.3% reading. The reading missed the 4.4% consensus by 3.2%. The print is running well below the 12-month average of 3.13%.
Latest Release
1.2
Actual
4.4
Consensus
17.3
Previous
Median Absolute Error
±3.45 percentage points
across last 12 releases
Last Call
Aug 2024
Predicted: 4.4
Actual: 1.2
Error: +3.2
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 Annualized 1st (Israel) was reported at 1.2% in August 2024. This missed the market consensus of 4.4% by 3.2%. The reading fell from the previous value of 17.3%.
WHY IT MATTERS
The trailing three releases averaged -1.37%, down from the prior three at 2.77%.
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 3.45%.
Auto-generated from current model state · Refreshes on each release · Last update August 2024.
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GDP Growth Annualized 1st - IL
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About GDP Growth Annualized 1st — Israel
DEFINITION
Quarter GDP Growth Annualized 1st Quarter is a key economic indicator that measures the annualized rate of change in a country's gross domestic product (GDP) during the first quarter of the year. This metric provides valuable insights into the overall health and growth of a country's economy, as GDP is a measure of the total value of goods and services produced within its borders. A positive growth rate in the first quarter indicates a strong start to the year and potential for continued economic expansion, while a negative growth rate may signal a slowdown or recession. This indicator is closely monitored by investors, policymakers, and businesses to make informed decisions about investments, fiscal policies, and market 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 (Apr 2024): actual 1.2 %, consensus 4.4 %. Prior reading (Jan 2024): 14.1 %. Before that (Oct 2023): -19.4 %.
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.
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EXPECTED ZONE
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Economic Calendar - IL Events
| Sunday, June 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | IL | Manufacturing Production MoM | -18.1 | 0.5 | 0.95 | Low | |