Trade Balance n.s.a.

The Trade Balance released by the Eurostat is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the EUR. Generally, if a steady demand in exchange for exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the EUR.

Most recent - Monday 20 March 2023 10:00

Previous
€-8.8B
Revised
-
Forecast
€-22.7B
Actual
€-30.6B

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

Next event - Tuesday 18 April 2023 09:00

Previous
€-30.6B
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

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

Trading range

Forecast history

The most recent announced value for Trade Balance n.s.a. was €-30.6B against a forecast of €-22.7B.

Past events

Date
Forecast
Actual
Monday 20 March 2023 10:00
€-22.7B
€-30.6B
Wednesday 15 February 2023 10:00
€-12.5B
€-8.8B
Friday 13 January 2023 10:00
€-21.1B
€-11.7B
Friday 16 December 2022 10:00
€-48.9B
€-26.5B
Tuesday 15 November 2022 10:00
€-44.5B
€-34.4B
Friday 14 October 2022 09:00
-
€-50.9B
Thursday 15 September 2022 09:00
€-16.4B
€-34B
Tuesday 16 August 2022 09:00
€-20B
€-24.6B
Friday 15 July 2022 09:00
-
€-26.3B
Wednesday 15 June 2022 09:00
€-22.8B
€-32.4B
Monday 16 May 2022 09:00
€-8.5B
€-16.4B
Wednesday 20 April 2022 09:00
€-17.3B
€-7.6B
Friday 18 March 2022 10:00
€-17.8B
€-27.2B
Tuesday 15 February 2022 10:00
-
€-4.6B
Friday 14 January 2022 10:00
-
€-1.5B
Thursday 16 December 2021 10:00
€7.6B
€3.6B
Monday 15 November 2021 10:00
€6.5B
€7.3B
Friday 15 October 2021 09:00
€16.1B
€4.8B
Thursday 16 September 2021 09:00
-
€20.7B
Friday 13 August 2021 09:00
€12B
€18.1B
Friday 16 July 2021 09:00
-
€7.5B
Tuesday 15 June 2021 09:00
-
€10.9B
Tuesday 18 May 2021 09:00
-
€15.8B
Friday 16 April 2021 09:00
-
€17.7B
Thursday 18 March 2021 10:00
€25.3B
€6.3B
Monday 15 February 2021 10:00
€25.3B
€29.2B
Friday 15 January 2021 10:00
€26B
€25.8B
Wednesday 16 December 2020 10:00
€22B
€30B
Friday 13 November 2020 10:00
€22B
€24.8B
Friday 16 October 2020 09:00
€15.1B
€14.7B
Wednesday 16 September 2020 09:00
€21.3B
€27.9B
Friday 14 August 2020 09:00
€12.6B
€21.2B
Thursday 16 July 2020 09:00
-
€9.4B
Monday 15 June 2020 09:00
€15.9B
€2.9B
Friday 15 May 2020 09:00
-
€28.2B
Monday 20 April 2020 09:00
-
€23B

Economic context

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

PreviousLatest
Core Harmonized Index of Consumer Prices (MoM)Bullish change0.8%1.2%
Core Harmonized Index of Consumer Prices (YoY)Bullish change5.6%5.7%
Harmonized Index of Consumer Prices (MoM)Bullish change0.8%0.9%
Harmonized Index of Consumer Prices (YoY)Bearish change8.5%6.9%
Unemployment Rate(no change)6.6%6.6%
Unemployment ChangeBearish change2K16K
Unemployment Rate s.a.Bearish change5.5%5.6%
Retail Sales (MoM)Bearish change-0.3%-1.3%
Retail Sales (YoY)Bearish change-6.9%-7.1%
Harmonized Index of Consumer Prices (YoY)Bearish change9.3%7.8%
Business ClimateBearish change0.710.7
Consumer Confidence(no change)-19.2-19.2
Unemployment(no change)8%8%
Gfk Consumer Confidence SurveyBullish change-30.6-29.5
IFO – Business ClimateBullish change91.193.3
IFO – Current AssessmentBullish change93.995.4
IFO – ExpectationsBullish change88.491.2
S&P Global Composite PMIBullish change5254.1
S&P Global Manufacturing PMIBearish change48.547.1
S&P Global Services PMIBullish change52.755.6
S&P Global/BME Composite PMIBullish change50.752.6
S&P Global/BME Manufacturing PMIBearish change46.344.4
S&P Global/BME Services PMIBullish change50.953.9
S&P Global Composite PMIBullish change51.754
S&P Global Manufacturing PMIBullish change47.447.7
Consumer ConfidenceBearish change-19.1-19.2
10-y Bond AuctionBullish change2.56%2.32%
ZEW Survey – Economic SentimentBearish change29.710
ZEW Survey – Current SituationBearish change-45.1-46.5
ZEW Survey – Economic SentimentBearish change28.113
Producer Price Index (MoM)Bullish change-1.2%-0.3%

About Trade Balance n.s.a.

Country:Eurozone
Currency:EUR
Source:Eurostat
Category:Capital Flows
Frequency:Monthly
 
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