Advance GDP impacts markets

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Bureau of Economic Analysis has published the US Advance GDP data for the first quarter of 2024. The release shocked the markets by being below expectations.

The market consensus forecast was that GDP had increased by 2.5% over the quarter. Actual released data revealed growth of just 1.6%.

This publication confirms what other data sets have been signalling. The US economy has been slowing down over the first quarter of 2024.

The US releases gross domestic product data over the span of a quarter by updating the data over the follow up quarter. The first and most important release is the Advance release. It is followed next month by the Preliminary. Afterwards the Final GDP is published.
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