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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS GDP Growth Rate QoQ Adv climbed to 2.8 in April 2024
FMPQuarterlyReleased July 2024
US GDP Growth Rate QoQ Adv climbed to 2.8 in April 2024, released July 2024, up 1.4 from March's 1.4 reading. The print exceeded the 2.0 consensus by 0.8. The print is running well above the 12-month average of 2.66.
Latest Release
2.8
Actual
2
Consensus
1.4
Previous
Median Absolute Error
±0.85 percentage points
across last 12 releases
Last Call
Jul 2024
Predicted: 2
Actual: 2.8
Error: -0.8
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 July 2024 reading rose from the previous value of 1.4. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±0.85. Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks) and negatively correlated with EUR/USD (Bearish EUR).
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GDP Growth Rate QoQ Adv - US
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