Gross Domestic Product Growth (QoQ)

What it is: Gross Domestic Product summarizes output of goods and services over a quarter or year (QoQ / YoY, sometimes annualized). Revisions and breakdowns (consumption, investment, net exports) matter as much as the headline.

Why it matters: Strong GDP supports risk appetite and can firm the currency if it also raises rate odds; weak GDP does the opposite. Watch the surprise vs forecast more than the absolute level.