GDP Growth Rate
GDP Growth Rate
About This Event
The GDP growth rate measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is a key indicator of the economy's overall health. Higher than expected GDP growth is bullish, while lower than expected GDP growth is bearish.
The US economy expanded an annualized 2.4% qoq in the second quarter of 2023, higher than 2% in the previous period and way above market expectations of 1.8%, the advance estimate showed. Nonresidential fixed investment accelerated sharply (7.7% vs 0.6%), led by a rebound in equipment (10.8% vs -8.9%) and intellectual property products (3.9% vs 3.1%). Also, private inventories added 0.14 percentage points to the growth (vs -2.14 in Q1). On the other hand, consumer spending slowed sharply (1.6% vs 4.2%) but still, overshot market estimates as inflation eased but the labor market remained tight. While consumption of goods slowed sharply (0.7% vs 6%), spending on services remained strong (2.1% vs 3.2%). Also, public expenditure increased at a much softer pace (2.6% vs 5%) and net trade weighed down on the growth by subtracting 0.12 percentage points as exports were down 10.8% and imports dropped at a smaller 7.8%. Residential investment continued to decline (-4.2% vs -4%). source: U.S. Bureau of Economic Analysis
Why This Event Matters
Economic releases such as GDP Growth Rate are widely followed because they can shape expectations for growth, inflation, and monetary policy. Traders and investors often use these data points when assessing interest-rate outlooks, Treasury yields, and sector rotation themes. The scheduled timing is June 29, 2023 (America/New_York), subject to source updates.
Source summary: The GDP growth rate measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is a key indicator of the economy's overall health. Higher than expected GDP growth is bullish, while lower than expected GDP growth is bearish.
The US economy expanded an annualized 2.4% qoq in the second quarter of 2023, higher than 2% in the previous...
This listing is associated with SPY. Market participants may watch these names around the event window for volatility or news flow.
Frequently Asked Questions
- What is GDP Growth Rate?
- It is a stock market catalyst entry on Catacal—an event or release investors and traders may monitor. Details are summarized from the cited source and may be updated over time.
- When is GDP Growth Rate?
- The calendar shows Jun 29, 2023 (America/New_York). Verify the exact time and any changes using the source link when planning around the event.
- Why does GDP Growth Rate matter for investors?
- Macro releases can influence rate expectations, yields, and sector leadership. Market participants often reassess positioning after the data.
- Which stocks or sectors could be affected?
- Symbols linked to this listing include SPY; other names in the same industry group may also move with related news.
- How is this event categorized?
- Catacal groups this entry under "Economic Data" for navigation. Categories help you find comparable catalysts and build a week-by-week watchlist.
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