BEA releases two key economic indicators – Gross Domestic Income (GDI) and the Gross Domestic Product (GDP). The release date of the GDI report can have a big impact on economic growth estimates, and traders should be aware of the BEA’s quarterly release dates. These figures are used to calculate economic growth, and both are often published at different times.
If you’re a currency trader, you probably know how important GDP data is to the Forex market. The Bureau of Economic Analysis releases GDP data on 19 different occasions a year, starting on January 28 at 08:30 Eastern Time, and ending on December 23 at 3:00 PM Eastern Time. You can find a full schedule of when GDP will be released on the BEA website. Many forex traders save individual release dates to their digital calendars.
BEA Release Dates
BEA statistics are based on survey data collected by the agency. Data from these surveys are linked to specific companies and can be attributed to them. However, some service types do not have survey data available, such as financial brokerage services related to debt securities. Other non-survey data sources are computer services imported from Canada and trade union transactions between the United States and Canada, which are provided through data exchange agreements with Statistics Canada.
When the BEA releases a new report, financial markets react to the data. It also influences public policy and private investment activity. Therefore, the bea release dates are crucial for those involved in the financial sector. They help investors make better-informed decisions based on updated economic information. This way, traders can keep up with the latest market news.
Start Winning The Trade
The Bureau of Economic Analysis will release the fourth-quarter GDP report on Thursday. The report was delayed by the 35-day partial government shutdown, which closed many federal agencies. The shutdown also affected the collection of economic data. However, the report is likely to show modest growth, which is generally considered healthy. Investors can expect GDP to increase by two to three percent per year. A moderate rate of growth helps keep interest rates low, but readings above this level could lead to inflation fears.
Every quarter, the Bureau of Economic Analysis releases the Gross Domestic Product figures of the US economy. The report includes data on income, business profits, inventory levels, and sales. The figures are considered important in guiding decisions that affect the economy and stock market. In addition, the report helps governments and companies plan their expenditures and investment strategies.
The BEA normally releases three estimates of GDP in a given quarter. The first estimate is released about a month after a quarter ends, while the second estimate is released about a month later. The third estimate is based on additional sources and improves the accuracy. While it is important to note that the BEA releases GDP data every quarter, it’s also important to note that it’s not a perfect measurement.
The latest GDP figures have caused some economists to reassess their forecasts. The most recent private economists’ second-quarter GDP numbers were slightly pessimistic than the actual number. According to the Dow Jones survey, economists expected a decline of 34.7% of GDP. But the Treasury Secretary, Steve Mnuchin, has expressed optimism that the economy will rebound. Furthermore, the stock market has held up despite the pandemic. Investors continue to flood safe assets with cash, despite the recent negative news.
What’s Next?
The BEA publishes GDP statistics for metropolitan areas, counties, and other statistical areas. The data comes from various agencies and is adjusted for accuracy. Most economists agree that a healthy GDP growth rate is two to three percent. Anything lower than that may require government stimulative measures, while faster growth could raise inflation concerns.
