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What to expect from the release of "US GDP for Q4 2017" on Wednesday?
The most important measure of US economic activity. Can GDP Support the USD?
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US Gross Domestic Product (GDP) – Q4 2017 on Wednesday, March 28th, 2018 at 12:30 GMT.
This month, the US Bureau of Economic Analysis will publish the final US GDP data for Q4 2017. Analysts anticipate a reading of 2.6% for Q4 2017 vs a reading of 3.2% in Q3 2017.
The current forecast is still strong and signals the 9-year expansion is well on track. However, it suggests a potential slow down for the new quarter.
Market experts are divided in 2 groups:
- Bullish factors for the USD
- The US economy is expanding at a moderate pace.
- Employment growth may lead to an uptick of consumer confidence.
- Bearish factors for the USD
- Inflation is on the rise, limiting economic expansion.
- Retail sales dropped in February.
What do you think? Will the EURUSD rise or fall?
What is the GDP?
The Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy.
This economic release is important, as it is the broadest measure of economic activity and the primary indicator of the economy’s health.
For each quarter, the Bureau of Economic Analysis releases 3 versions of GDP a month apart: advance, second release and final.
This month, traders will receive the final US GDP data for Q4 2017.
