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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly GDP Growth Rate YoY Adv climbed to 0.9% in April 2024
FMPQuarterlyReleased July 2024
Italy GDP Growth Rate YoY Adv climbed to 0.9% in April 2024, released July 2024, up 0.3% from March's 0.6% reading. The reading matched the 0.9% consensus. GDP Growth Rate YoY Adv has now risen for 4 consecutive months. GDP Growth Rate YoY Adv is now the highest in 12 months.
Latest Release
0.9
Actual
0.9
Consensus
0.6
Previous
Median Absolute Error
±0.2 percentage points
across last 12 releases
Last Call
Jul 2024
Predicted: 0.9
Actual: 0.9
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 YoY Adv (Italy) was reported at 0.9% in July 2024. This matched the market consensus of 0.9% exactly. The reading rose from the previous value of 0.6%. This is classified as a high-impact indicator released on a quarterly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.67%, down from the prior three at 0.8%.
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 (Jun 26) and Consumer Confidence (Jun 26).
Auto-generated from current model state · Refreshes on each release · Last update July 2024.
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GDP Growth Rate YoY Adv - IT
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About GDP Growth Rate YoY Adv — Italy
DEFINITION
The GDP Growth Rate YoY Adv is a key financial indicator that measures the annual percentage change in a country's gross domestic product (GDP). It provides valuable insights into the overall health and performance of an economy, as a higher growth rate indicates a stronger and more robust economy. This indicator is closely monitored by investors, policymakers, and businesses as it can impact investment decisions, government policies, and consumer confidence. A positive GDP Growth Rate YoY Adv is generally seen as a sign of economic growth and stability, while a negative growth rate may signal a potential economic downturn.
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 (Apr 2024): actual 0.9 %, consensus 0.9 %. Prior reading (Jan 2024): 0.6 %. Before that (Oct 2023): 0.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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.