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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly GDP Growth Rate QoQimate fell to -0.4% in Q2 2023
FMPQuarterlyReleased September 2023
Italy GDP Growth Rate QoQimate fell to -0.4% in Q2 2023, released September 2023, down 1.0% from March's 0.6% reading. The reading missed the -0.3% consensus by 0.1%.
Latest Release
-0.4
Actual
-0.3
Consensus
0.6
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 Growth Rate QoQimate (Italy) was reported at -0.4% in September 2023. This missed the market consensus of -0.3% by 0.1%. The reading fell from the previous value of 0.6%. This is classified as a medium-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 September 2023.
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GDP Growth Rate QoQimate - IT
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About GDP Growth Rate QoQimate — Italy
DEFINITION
The GDP Growth Rate QoQimate is a key financial indicator that measures the quarter-over-quarter change in a country's gross domestic product (GDP). It provides valuable insights into the overall economic performance and growth of a nation, and is closely monitored by investors, policymakers, and businesses. A positive QoQimate indicates a growing economy, while a negative one suggests a decline. This indicator is an important tool for assessing the health and stability of a country's economy and making informed financial 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 2023): actual -0.4 %, consensus -0.3 %.