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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly GDP Annual Growth Rate YoY fell to -2.8% in March 2013
FMPQuarterlyReleased March 2013
Italy GDP Annual Growth Rate YoY fell to -2.8% in March 2013, down 0.4% from February's -2.4% reading. The reading matched the -2.7% consensus.
Latest Release
-2.8
Actual
-2.7
Consensus
-2.4
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 | +0.40 | FOREX | Bullish EUR | → View |
| DAX | ▲ Direct | +0.40 | INDEX | Bullish EU | → View |
| EUR/GBP | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Annual Growth Rate YoY (Italy) was reported at -2.8% in March 2013. This missed the market consensus of -2.7% by 0.1%. The reading fell from the previous value of -2.4%. This is classified as a high-impact indicator released on a quarterly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with DAX, positively correlated (Bullish EU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Business Confidence (May 28) and Consumer Confidence (May 28).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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GDP Annual Growth Rate YoY - IT
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About GDP Annual Growth Rate YoY — Italy
DEFINITION
The GDP Annual Growth Rate YoY (Year-over-Year) is a key economic indicator that measures the percentage change in a country's gross domestic product (GDP) over a one-year period. It provides valuable insight into the overall health and performance of an economy, as well as its growth trajectory. This indicator is closely monitored by investors, policymakers, and businesses as it can impact financial markets, consumer spending, and government policies. A positive GDP Annual Growth Rate YoY indicates a growing economy, while a negative rate suggests a decline.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus typically move rates and currencies on release. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual -2.8 %, consensus -2.7 %.