Euro-Zone GDP (Y/Y)
The Gross Domestic Product (GDP) released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. GDP is the most easily comprehensible mean of measuring the economic output and facilitates key insight in regards to the driving forces of the economy. Because the report lacks in timelines and due to the fact that data on GDP are available beforehand, the GDP figure is generally well anticipated. Given its significance however, the GDP tends to move the market when released, especially if it upsets expectations. The GDP's rate of growth acts as an indicator for the stability of Euro-zone economies. Robust GDP growth signals an increase of economic activity levels, which usually is positive. However, economic expansion may raise concerns relating to inflationary pressures, which may cause the ECB (European Central Bank) to increase interest rates. GDP per person is generally considered indicative of a country's standard of living.