Trade Balance s.a.

The Trade Balance released by the Statistisches Bundesamt Deutschland is a balance between exports and imports of total goods and services. A positive value shows a trade surplus, while a negative value shows a trade deficit. It is an event that generates some volatility for the EUR. If a steady demand in exchange for German exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the EUR. Review Alex Nekritin's Article - Trading the Euro with Germany Trade Balance

Most recent - Monday 8 April 2024 06:00

Previous
€27.5B
Revised
-
Forecast
€25.5B
Actual
€21.4B

Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.

Next event - Tuesday 7 May 2024 06:00

Previous
€21.4B
Forecast
-
Actual
-

The typical/expected impact on EUR pairs is medium.

There is no forecast value for Trade Balance s.a. yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Trade Balance s.a. was €21.4B against a forecast of €25.5B.

Past events

Date
Forecast
Actual
Monday 8 April 2024 06:00
€25.5B
€21.4B
Wednesday 6 March 2024 07:00
€21.5B
€27.5B
Monday 5 February 2024 07:00
€18.8B
€22.2B
Monday 8 January 2024 07:00
€17.9B
€20.4B
Monday 4 December 2023 07:00
€17B
€17.8B
Friday 3 November 2023 07:00
€16.3B
€16.5B
Thursday 5 October 2023 06:00
€15B
€16.6B
Monday 4 September 2023 06:00
€18B
€15.9B
Thursday 3 August 2023 06:00
€15B
€18.7B
Tuesday 4 July 2023 06:00
€17B
€14.4B
Monday 5 June 2023 06:00
€16.4B
€18.4B
Thursday 4 May 2023 06:00
€16.1B
€16.7B
Tuesday 4 April 2023 06:00
€17B
€16B
Friday 3 March 2023 07:00
€11B
€16.7B
Thursday 2 February 2023 07:00
€9.2B
€10B
Thursday 5 January 2023 07:00
€7.5B
€10.8B
Friday 2 December 2022 07:00
€5.2B
€6.9B
Wednesday 2 November 2022 07:00
€0.7B
€3.7B
Wednesday 5 October 2022 06:00
€4B
€1.2B
Friday 2 September 2022 06:00
€4.8B
€5.4B
Wednesday 3 August 2022 06:00
€0.2B
€6.4B
Monday 4 July 2022 06:00
€2.4B
€-1B
Friday 3 June 2022 06:00
€1.6B
€3.5B
Wednesday 4 May 2022 06:00
€9.8B
€3.2B
Monday 4 April 2022 06:00
€9.6B
€11.5B
Friday 4 March 2022 07:00
€6.1B
€9.4B
Wednesday 9 February 2022 07:00
€10.4B
€6.8B
Friday 7 January 2022 07:00
€12.8B
€10.9B
Thursday 9 December 2021 07:00
€13.4B
€12.5B
Tuesday 9 November 2021 07:00
€13.6B
€13.2B
Friday 8 October 2021 06:00
€15.8B
€13B
Thursday 9 September 2021 06:00
€13.1B
€17.9B
Monday 9 August 2021 06:00
€13.5B
€13.6B
Thursday 8 July 2021 06:00
€15.4B
€12.6B
Wednesday 9 June 2021 06:00
€19.5B
€15.9B
Friday 7 May 2021 06:00
€19.5B
€14.3B

Economic context

Recent economic data has been strongly bullish for EUR. Other recent announcements which may affect the market's interpretation of the next Trade Balance s.a. result:

PreviousLatest
GfK Consumer Confidence SurveyBullish change-27.3-24.2
IFO – Business ClimateBullish change87.989.4
IFO – Current AssessmentBullish change88.188.9
IFO – ExpectationsBullish change87.789.9
HCOB Composite PMIBullish change50.351.4
HCOB Manufacturing PMIBearish change46.145.6
HCOB Services PMIBullish change51.552.9
HCOB Composite PMIBullish change47.750.5
HCOB Manufacturing PMIBullish change41.942.2
HCOB Services PMIBullish change50.153.3
HCOB Composite PMIBullish change48.349.9
HCOB Manufacturing PMIBearish change46.244.9
HCOB Services PMIBullish change48.350.5
Consumer ConfidenceBullish change-14.9-14.7
Producer Price Index (MoM)Bullish change-0.4%0.2%
Producer Price Index (YoY)Bullish change-4.1%-2.9%
Core Harmonized Index of Consumer Prices (MoM)(no change)1.1%1.1%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.9%2.9%
Harmonized Index of Consumer Prices (MoM)(no change)0.8%0.8%
ZEW Survey – Current SituationBullish change-80.5-79.2
ZEW Survey – Economic SentimentBullish change31.742.9
ZEW Survey – Economic SentimentBullish change33.543.9
Consumer Price Index (EU Norm) (YoY)Bearish change1.3%1.2%
Consumer Price Index (YoY)Bearish change1.3%1.2%
Industrial Production s.a. (MoM)Bullish change-3%0.8%

About Trade Balance s.a.

Country:Germany
Currency:EUR
Source:Federal Statistics Office of Germany
Category:Capital Flows
Frequency:Monthly

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