Loading the economic calendar
Loading the economic calendar
The annualised quarter-on-quarter change in the inflation-adjusted value of all goods and services produced in the United States.
| Published by | Bureau of Economic Analysis |
|---|---|
| Country | United States |
| Currency affected | USD |
| Release frequency | Quarterly |
| Usual release time | 12:30 GMT (UTC+00:00) |
| Impact rating | High impact |
| Typical volatility | 40-80 pips on EUR/USD inside the first 30 minutes |
The GDP Growth Rate (QoQ, Advance) is released quarterly by Bureau of Economic Analysis, usually at 12:30 GMT (UTC+00:00). These are the dates inside our calendar window.
Every release in the window has already been published. The next one falls outside the four-week demo calendar.
GDP is the broadest scorecard for the economy and anchors medium-term expectations for the policy rate.
Much of the quarter is already known from monthly data, so the surprise usually comes from inventories and net trade.
Typical volatility around the release is 40-80 pips on EUR/USD inside the first 30 minutes. That is an average, not a limit: when the figure lands far from consensus, or when it contradicts the central bank's own guidance, the move can be several times larger and can extend for the rest of the session.
| Pair | Why it reacts |
|---|---|
| EUR/USD | Growth-differential trade. |
| USD/JPY | Reacts to the whole US curve. |
| USD/CAD | Canada's outlook is tied to US demand. |
Surprise is the released figure minus the consensus forecast, in the units of the release. Green means the figure printed above consensus, red below.
| Release date | Period | Previous | Forecast | Actual | Surprise |
|---|---|---|---|---|---|
| 30 Apr 2026 | Q1 2026 | 2.8% | 2.2% | 2.1% | -0.1 |
| 29 Jan 2026 | Q4 2025 | 1.6% | 3.0% | 2.8% | -0.2 |
| 30 Oct 2025 | Q3 2025 | 2.1% | 1.8% | 1.6% | -0.2 |
| 31 Jul 2025 | Q2 2025 | 1.4% | 2.0% | 2.1% | +0.1 |
| 1 May 2025 | Q1 2025 | 1.9% | 1.2% | 1.4% | +0.2 |
| 30 Jan 2025 | Q4 2024 | 2.5% | 1.9% | 1.9% | 0.0 |
| 31 Oct 2024 | Q3 2024 | 1.8% | 2.4% | 2.5% | +0.1 |
| 1 Aug 2024 | Q2 2024 | 1.6% | 1.5% | 1.8% | +0.3 |
Bureau of Economic Analysis publishes the GDP Growth Rate (QoQ, Advance) for United States. It is released quarterly, typically at 12:30 GMT (UTC+00:00).
We rate this release high impact. In our sample the typical move is 40-80 pips on EUR/USD inside the first 30 minutes, though a large deviation from consensus can produce considerably more.
EUR/USD, USD/JPY, USD/CAD carry the cleanest reaction. Growth-differential trade.
No. The currency reaction depends on how the figure changes the expected path of interest rates, not on whether the headline is high or low. The same surprise can be read very differently depending on the central bank's current stance.