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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South KoreaSouth Korea GDP Growth Rate QoQ Adv fell to -0.2 in April 2024
FMPQuarterlyReleased July 2024
South Korea GDP Growth Rate QoQ Adv fell to -0.2 in April 2024, released July 2024, down 1.5 from March's 1.3 reading. The reading missed the 0.1 consensus by 0.3. The print is running well below the 12-month average of 0.53. GDP Growth Rate QoQ Adv is now the lowest in 15 months.
Latest Release
-0.2
Actual
0.1
Consensus
1.3
Previous
Median Absolute Error
±0.17 percentage points
across last 12 releases
Last Call
Jul 2024
Predicted: 0.1
Actual: -0.2
Error: +0.3
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/KRW | ▼ Inverse | −0.50 | FOREX | Bullish KRW | → View |
| KOSPI | ▲ Direct | +0.45 | INDEX | Bullish KR | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The July 2024 reading fell from the previous value of 1.3. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±0.17. Historically, this indicator is negatively correlated with USD/KRW (Bullish KRW) and positively correlated with KOSPI (Bullish KR).
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GDP Growth Rate QoQ Adv - KR
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