Track Germany's Prelim GDP q/q to gauge economic health. Key early indicator impacting Forex markets.
This is the most comprehensive indicator of economic activity and serves as the main metric for assessing the health of the economy. There are two versions of GDP published approximately ten days apart: Preliminary and Final, with the Preliminary release being the first and typically having the most significant influence.
What it Measures
The change in the inflation-adjusted value of all goods and services produced within the economy.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it generally has a positive impact on the currency.
Source & Frequency
Destatis (latest release) - https://www.destatis.de/EN/Home/ • The data is released quarterly, around 45 days after the conclusion of the quarter.
How Data is Derived
N/A
Also Known As
First Release GDP, Preliminary GDP
Acronym
Gross Domestic Product (GDP)