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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IsraelIsrael GDP Growth Rate QoQ 3rd fell to 0.4% in Q1 2017
FMPQuarterlyReleased July 2017
Israel GDP Growth Rate QoQ 3rd fell to 0.4% in Q1 2017, released July 2017, down 0.8% from December's 1.2% reading. The print exceeded the 0.3% consensus by 0.1%. The print is running well below the 12-month average of 0.93%. GDP Growth Rate QoQ 3rd is now the lowest in 42 months.
Latest Release
0.4
Actual
0.3
Consensus
1.2
Previous
Median Absolute Error
±0.1 percentage points
across last 5 releases
Last Call
Jul 2017
Predicted: 0.25
Actual: 0.4
Error: -0.15
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth Rate QoQ 3rd (Israel) was reported at 1.3% in April 2023. The reading rose from the previous value of 0.4%.
WHY IT MATTERS
The trailing three releases averaged 1.17%, down from the prior three at 1.46%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Aug 31).
Auto-generated from current model state · Refreshes on each release · Last update April 2023.
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GDP Growth Rate QoQ 3rd - IL
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About GDP Growth Rate QoQ 3rd — Israel
DEFINITION
Quarter The GDP Growth Rate QoQ 3rd Quarter is a key financial indicator that measures the percentage change in a country's gross domestic product (GDP) during the third quarter of the year compared to the previous quarter. This indicator provides valuable insights into the overall economic performance and growth of a country, and is closely monitored by investors, policymakers, and businesses to make informed decisions. A positive growth rate indicates a healthy and expanding economy, while a negative growth rate may signal a slowdown or recession.
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 (Oct 2022): actual 1.3 %. Prior reading (Jul 2022): 0.5 %. Before that (Apr 2022): 1.7 %.
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.
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EXPECTED ZONE
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Economic Calendar - IL Events
| Thursday, August 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | IL | Manufacturing Production MoM | -6.2 | 9.5 | 0.75 | Low | |