Trade Balance 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
€-18.1B
Revised
€-13.4B
Forecast
€-14B
Actual
€-11.3B

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

Next event - Tuesday 18 April 2023 09:00

Previous
€-11.3B
Forecast
-
Actual
-

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

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 €-11.3B against a forecast of €-14B.

Past events

Date
Forecast
Actual
Monday 20 March 2023 10:00
€-14B
€-11.3B
Wednesday 15 February 2023 10:00
€-8.1B
€-18.1B
Friday 13 January 2023 10:00
€-34.3B
€-15.2B
Friday 16 December 2022 10:00
€-48.6B
€-28.3B
Tuesday 15 November 2022 10:00
-
€-37.7B
Friday 14 October 2022 09:00
-
€-47.3B
Thursday 15 September 2022 09:00
€-35.5B
€-40.3B
Tuesday 16 August 2022 09:00
-
€-30.8B
Friday 15 July 2022 09:00
-
€-26B
Wednesday 15 June 2022 09:00
€-15.4B
€-31.7B
Monday 16 May 2022 09:00
€-6.6B
€-17.6B
Wednesday 20 April 2022 09:00
€-8.4B
€-9.4B
Friday 18 March 2022 10:00
€-9.8B
€-7.7B
Tuesday 15 February 2022 10:00
€-2.5B
€-9.7B
Friday 14 January 2022 10:00
-
€-1.3B
Thursday 16 December 2021 10:00
-
€2.4B
Monday 15 November 2021 10:00
-
€6.1B
Friday 15 October 2021 09:00
€19.3B
€11.1B
Thursday 16 September 2021 09:00
-
€13.4B
Friday 13 August 2021 09:00
€9.3B
€12.4B
Friday 16 July 2021 09:00
-
€9.4B
Tuesday 15 June 2021 09:00
-
€9.4B
Tuesday 18 May 2021 09:00
-
€13B
Friday 16 April 2021 09:00
-
€18.4B
Thursday 18 March 2021 10:00
-
€24.2B
Monday 15 February 2021 10:00
€19.4B
€27.5B
Friday 15 January 2021 10:00
-
€25.1B
Wednesday 16 December 2020 10:00
-
€25.9B
Friday 13 November 2020 10:00
-
€24B
Friday 16 October 2020 09:00
€13.7B
€21.9B
Wednesday 16 September 2020 09:00
€9.3B
€20.3B
Friday 14 August 2020 09:00
-
€17.1B
Thursday 16 July 2020 09:00
-
€8B
Monday 15 June 2020 09:00
€22.9B
€1.2B
Friday 15 May 2020 09:00
-
€23.5B
Monday 20 April 2020 09:00
-
€25.8B

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 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 s.a.

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