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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly GDP Growth Rate QoQ Adv fell to 0.2% in Q2 2024
FMPQuarterlyReleased July 2024
Italy GDP Growth Rate QoQ Adv fell to 0.2% in Q2 2024, released July 2024, down 0.1% from March's 0.3% reading. The reading matched the 0.2% consensus. The print is running well below the 12-month average of 0.65%. GDP Growth Rate QoQ Adv is now the lowest in 6 months.
Latest Release
0.2
Actual
0.2
Consensus
0.3
Previous
Median Absolute Error
±0.2 percentage points
across last 12 releases
Last Call
Jul 2024
Predicted: 0.2
Actual: 0.2
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 | +0.40 | 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 Growth Rate QoQ Adv (Italy) was reported at 0.2% in July 2024. This matched the market consensus of 0.2% exactly. The reading fell from the previous value of 0.3%. This is classified as a medium-impact indicator released on a quarterly basis.
WHY IT MATTERS
The trailing three releases averaged 0.23%, up from the prior three at 0.07%.
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). Over the last 12 releases, the Sigmacast model's median absolute error is 0.2%.
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 July 2024.
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GDP Growth Rate QoQ Adv - IT
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About GDP Growth Rate QoQ Adv — Italy
DEFINITION
The GDP Growth Rate QoQ Adv is a key economic indicator that measures the quarterly change in a country's gross domestic product (GDP). It provides valuable insights 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. A positive GDP Growth Rate QoQ Adv 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 can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2024): actual 0.2 %, consensus 0.2 %. Prior reading (Jan 2024): 0.3 %. Before that (Oct 2023): 0.2 %.
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.