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Data from U.S. Bureau of Economic Analysis. Forecasts by Sigmanomics Forecast Engine.
United StatesUS GDP Deflator fell to 1.6% in February 2014
U.S. Bureau of Economic AnalysisQuarterlyReleased February 2014
US GDP Deflator fell to 1.6% in February 2014, down 0.4% from January's 2.0% reading. The print exceeded the 1.3% consensus by 0.3%.
Latest Release
1.6
Actual
1.3
Consensus
2
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 |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → 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 RELEASE
GDP Deflator (United States) was reported at 1.6% in February 2014. This beat the market consensus of 1.3% by 0.3%. The reading fell from the previous value of 2%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update February 2014.
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GDP Deflator - US
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About GDP Deflator — United States
DEFINITION
The GDP Deflator is a financial indicator that measures the overall change in prices of all goods and services produced within a country's borders. It is used to adjust the Gross Domestic Product (GDP) for inflation, providing a more accurate representation of a country's economic growth. This indicator is important for policymakers and investors as it reflects the overall health and stability of a country's economy. A higher GDP Deflator indicates a higher level of inflation, while a lower GDP Deflator suggests a lower level of inflation.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. 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 (Feb 2014): actual 1.6 %, consensus 1.3 %.
WHAT'S NEXT
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.