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YoY Change in Final Quarterly GDP in the Eurozone

Country:
EUREurozone
Importance:
★★★
Data Trends
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DateValue
ForecastActualDeviation
Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
1 min later5 min later10 min later15 min later30 min later
About YoY Change in Final Quarterly GDP in the Eurozone

The final Year-over-Year Gross Domestic Product (GDP) figure is an indicator that measures the change in GDP for a specific quarter in the Eurozone compared to the same quarter of the previous year. This data, released by Eurostat, represents the ultimate figure confirmed after initial estimates and revisions.

Year-over-year data helps understand the long-term growth trends of GDP. An increase in GDP indicates economic expansion, reflecting active investment and consumption. Conversely, a decrease in GDP suggests economic stagnation or contraction.

This information serves as a reference for policymakers in evaluating the economic health and formulating appropriate economic policies. Additionally, it is a critical source of information for businesses and investors to assess economic growth trends and outlooks.

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