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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IsraelIsrael GDP Growth Annualized 3rd climbed to 14.4% in January 2024
FMPQuarterlyReleased July 2024
Israel GDP Growth Annualized 3rd climbed to 14.4% in January 2024, released July 2024, up 36.0% from December's -21.6% reading. The reading matched the 14.4% consensus. The print is running well above the 12-month average of 4.5%. GDP Growth Annualized 3rd is now the highest in 24 months.
Latest Release
14.4
Actual
14.4
Consensus
-21.6
Previous
Median Absolute Error
±0.2 percentage points
across last 12 releases
Last Call
Jul 2024
Predicted: 14.4
Actual: 14.4
Error: +0
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 3rd (Israel) was reported at 14.4% in July 2024. This matched the market consensus of 14.4% exactly. The reading rose from the previous value of -21.6%.
WHY IT MATTERS
The trailing three releases averaged -1.3%, down from the prior three at 3.87%.
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 0.2%.
Auto-generated from current model state · Refreshes on each release · Last update July 2024.
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GDP Growth Annualized 3rd - IL
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About GDP Growth Annualized 3rd — Israel
DEFINITION
Quarter GDP Growth Annualized 3rd Quarter is a key economic indicator that measures the annualized rate of growth of a country's gross domestic product (GDP) in the third quarter of the year. It provides valuable insights into the overall health and performance of the economy, as well as its potential for future growth. This indicator is closely monitored by policymakers, investors, and businesses as it can impact financial markets and decision-making. A higher GDP growth rate indicates a stronger economy, while a lower rate may signal potential challenges.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2024): actual 14.4 %, consensus 14.4 %. Prior reading (Oct 2023): -21 %. Before that (Jul 2023): 2.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.