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 grew at an annualized rate of 3% in the second quarter of 2024, unchanged from the second estimate and above an upwardly revised 1.6% expansion in the first quarter. There were upward revisions to private inventory investment (8.3% vs 7.5% in the second estimate), federal government spending (4.3% vs 3.3%) and imports (7.6% vs 7%). On the other hand, consumer spending grew slightly less than seen in the second estimate (2.8% vs 2.9%) and downward revisions were also recorded for nonresidential fixed investment (3.9% vs 4.6%) and exports (1% vs 1.6%). Meanwhile, the Bureau of Economic Analysis published the regular annual update and revisions of the National Economic Accounts. The US economy grew 1.6% in Q1 2024, higher than 1.4% initially reported. In 2023, GDP growth was revised up to 2.9% from 2.5%, and for 2022, the GDP expanded 2.5%, 0.6 percentage point stronger than previously estimated. 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 September 26, 2024 (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 grew at an annualized rate of 3% in the second quarter of 2024, unchanged from the second estimate...
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 Sep 26, 2024 (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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