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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Gross Domestic Product Price Index held to 0.7% in July 2013
FMPMonthlyReleased July 2013
US Gross Domestic Product Price Index held to 0.7% in July 2013. The reading missed the 1.0% consensus by 0.3%. The print is running well below the 12-month average of 1.2%.
Latest Release
0.7
Actual
1
Consensus
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
Gross Domestic Product Price Index (United States) was reported at 0.7% in July 2013. This missed the market consensus of 1% by 0.3%. This is classified as a medium-impact indicator released on a monthly basis.
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 July 2013.
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Gross Domestic Product Price Index - US
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About Gross Domestic Product Price Index — United States
DEFINITION
The Gross Domestic Product Price Index (GDP Price Index) is a key economic indicator that measures the overall price level of goods and services produced within a country. It reflects the changes in the prices of all final goods and services included in the Gross Domestic Product (GDP) and is used to track inflation and the overall health of a country's economy. The GDP Price Index is an important tool for policymakers, businesses, and investors to understand the current state and future trends of a country's economy.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2013): actual 0.7 %, consensus 1 %. Prior reading (Apr 2013): 1.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.