Forex Dictionary

Second Estimate GDP

Second Estimate GDP

Measures Change in the value of all goods and services produced by the economy; Usual Effect Actual > Forecast = Good for currency; Frequency Released quarterly, about 55 days after the quarter ends; FF Notes There are three versions of GDP released one month apart – Preliminary, Second Estimate, and Final. The Preliminary release is the earliest and thus tends to have the most impact; Acronyms Gross Domestic Product (GDP); Also Called Revised GDP; Why Traders Care It's the broadest measure of economic activity and the primary gauge of the economy's health;