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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan GDP Growth Annualized QoQ fell to 1.9% in Q4 2013
FMPQuarterlyReleased November 2013
Japan GDP Growth Annualized QoQ fell to 1.9% in Q4 2013, down 1.9% from October's 3.8% reading. The print exceeded the 1.7% consensus by 0.2%. The print is running well below the 12-month average of 3.7%. GDP Growth Annualized QoQ is now the lowest in 6 months.
Latest Release
1.9
Actual
1.7
Consensus
3.8
Previous
Median Absolute Error
±1.2 percentage points
across last 3 releases
Last Call
Nov 2013
Predicted: 2.3
Actual: 1.9
Error: +0.4
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth Annualized QoQ (Japan) was reported at 1.9% in November 2013. This beat the market consensus of 1.7% by 0.2%. The reading fell from the previous value of 3.8%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
Auto-generated from current model state · Refreshes on each release · Last update November 2013.
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GDP Growth Annualized QoQ - JP
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About GDP Growth Annualized QoQ — Japan
DEFINITION
GDP Growth Annualized QoQ is a key financial indicator that measures the quarterly change in a country's gross domestic product (GDP) on an annualized basis. This metric provides valuable insights into the overall health and performance of an economy, as it reflects the rate of growth or decline in the value of goods and services produced within a specific time period. It is widely used by economists, policymakers, and investors to assess the strength and direction of a country's economic growth.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Nov 2013): actual 1.9 %, consensus 1.7 %. Prior reading (Sep 2013): 3.8 %. Before that (Sep 2013): 3.8 %.
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. This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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