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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IsraelIsrael GDP Growth Rate QoQ fell to 0.3% in Q1 2017
FMPQuarterlyReleased June 2017
Israel GDP Growth Rate QoQ fell to 0.3% in Q1 2017, released June 2017, down 0.9% from December's 1.2% reading. The reading matched the 0.3% consensus. The print is running well below the 12-month average of 0.8%. GDP Growth Rate QoQ is now the lowest in 27 months.
Latest Release
0.3
Actual
0.3
Consensus
1.2
Previous
Median Absolute Error
±0.08 percentage points
across last 7 releases
Last Call
Jun 2017
Predicted: 0.3
Actual: 0.3
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 Rate QoQ (Israel) was reported at 1.4% in March 2023. The reading rose from the previous value of 0.4%.
WHY IT MATTERS
The trailing three releases averaged 1.67%, up from the prior three at 0.2%.
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 7 releases, the Sigmacast model's median absolute error is 0.08%.
Auto-generated from current model state · Refreshes on each release · Last update March 2023.
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GDP Growth Rate QoQ - IL
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About GDP Growth Rate QoQ — Israel
DEFINITION
The GDP Growth Rate QoQ (Quarter over Quarter) is a key economic indicator that measures the percentage change in a country's gross domestic product from one quarter to the next. It provides valuable insight 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.
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 (Jul 2014): actual -0.017 %.
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.