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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IsraelIsrael GDP Growth Rate QoQ 3st fell to -8.1% in Q3 2020
FMPQuarterlyReleased October 2020
Israel GDP Growth Rate QoQ 3st fell to -8.1% in Q3 2020, released October 2020, down 6.3% from June's -1.8% reading.
Latest Release
-8.100000
Actual
—
Consensus
-1.800000
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 3st (Israel) was reported at -8.1% in October 2020. The reading fell from the previous value of -1.8%. This is classified as a medium-impact indicator released on a quarterly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases.
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 October 2020.
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GDP Growth Rate QoQ 3st - IL
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About GDP Growth Rate QoQ 3st — Israel
DEFINITION
The GDP Growth Rate QoQ 3st is a financial indicator that measures the quarterly change in a country's gross domestic product (GDP). It provides insight into the overall economic health and performance of a nation, as it reflects the rate at which its economy is growing or shrinking. This indicator is an important tool for investors, policymakers, and businesses to assess the current and future state of the economy and make informed decisions.
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 2020): actual -8.1 %. Prior reading (Apr 2019): 0.1 %. Before that (Apr 2018): 0.4 %.
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.