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YoY Change in Revised 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
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About YoY Change in Revised Quarterly GDP in the Eurozone

The revised Quarter-on-Quarter Gross Domestic Product (GDP) growth rate 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, published by Eurostat, represents the final adjusted figure based on initial estimates.

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

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

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