GDP is one of the most important indicators used to evaluate/analyze an economy because this one is telling exactly if an economy is expanding or contracting. Values higher than zero signal an economy that it is still in expanding territory, while valus lower than zero show recesionary conditions.
GDP shows the change in inflation-adjusted value of all the goods and service produced by the economy and in Europe this indicator is released by Eurostat.
GDP comes in three versions: flash, revised, and final, with the flash version being the most important one as it is the first release that is hitting the market and traders are keen in knowing the level of growth of the economy.
The most important things to take into consideration when looking at the GDP indicator are:
- Release date: quarterly, about 45 days after the quarter ends;
- Release time: 09:00 GMT, during London trading session;
- Important indicator;
- First tier data.