YoY Change in Preliminary GDP in Germany
Germany| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-over-year (YoY) preliminary Gross Domestic Product (GDP) measures the total economic activity in Germany by comparing a specific quarter to the same quarter of the previous year. This data is released quarterly by the Federal Statistical Office of Germany (Destatis) and represents the initial estimates.
The YoY GDP data helps quickly assess the extent of economic growth or stagnation. If GDP increases, it indicates economic expansion, potentially leading to higher corporate earnings and increased employment. Conversely, a decrease in GDP suggests economic stagnation or contraction, which could result in reduced corporate earnings and lower employment.
Policymakers use this data to evaluate the health of the economy and formulate appropriate monetary and fiscal policies. For instance, if GDP growth is strong, the central bank may consider raising interest rates to manage inflation risks. Conversely, if GDP is declining, there might be a need to implement stronger economic stimulus measures. For businesses and investors, GDP data is a vital indicator for assessing economic prospects and making informed decisions.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
