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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan GDP Growth Annualized QoQ. fell to 2.6% in Q3 2013
FMPQuarterlyReleased August 2013
Japan GDP Growth Annualized QoQ. fell to 2.6% in Q3 2013, down 0.9% from July's 3.5% reading. The reading missed the 3.6% consensus by 1.0%.
Latest Release
2.6
Actual
3.6
Consensus
3.5
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 |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +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 Annualized QoQ. (Japan) was reported at 2.6% in August 2013. This missed the market consensus of 3.6% by 1%. The reading fell from the previous value of 3.5%.
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).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Core Inflation Rate YoY (Jun 18) and Inflation Rate YoY (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update August 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 financial indicator that measures the quarterly change in a country's gross domestic product (GDP) on an annualized basis. This indicator provides insight into the overall health and growth of a country's economy, as it takes into account the fluctuations in GDP over a 12-month period. It is a key metric used by economists and policymakers to assess the performance of a nation's economy and make informed decisions.
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 (Aug 2013): actual 2.6 %, consensus 3.6 %. Prior reading (Aug 2013): 2.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary neutral force in the projection. This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.