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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IsraelIsrael GDP Growth Rate QoQ 1st fell to 0.6% in Q1 2023
FMPQuarterlyReleased May 2023
Israel GDP Growth Rate QoQ 1st fell to 0.6% in Q1 2023, released May 2023, down 0.7% from January's 1.3% reading.
Latest Release
0.600000
Actual
—
Consensus
1.300000
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 QoQ 1st (Israel) was reported at 0.6% in May 2023. The reading fell from the previous value of 1.3%. This is classified as a medium-impact indicator released on a quarterly basis.
WHY IT MATTERS
The trailing three releases averaged 0.83%, down from the prior three at 1.73%.
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 May 2023.
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GDP Growth Rate QoQ 1st - IL
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About GDP Growth Rate QoQ 1st — Israel
DEFINITION
The GDP Growth Rate QoQ 1st is a key financial indicator that measures the quarterly change in a country's gross domestic product (GDP). It provides valuable insights into the overall economic performance and growth of a nation, serving as an important tool for investors, policymakers, and businesses to make informed decisions. This indicator is calculated by comparing the current quarter's GDP to the previous quarter's GDP, and a positive growth rate indicates a healthy and expanding 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 (Jan 2023): actual 0.6 %. Prior reading (Oct 2022): 1.4 %. Before that (Jul 2022): 0.5 %.
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.