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 - Tuesday 7 May 2024 06:00


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

Next event - Friday 7 June 2024 06:00


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 €22.3B against a forecast of €22.4B.

Past events

Tuesday 7 May 2024 06:00
Monday 8 April 2024 06:00
Wednesday 6 March 2024 07:00
Monday 5 February 2024 07:00
Monday 8 January 2024 07:00
Monday 4 December 2023 07:00
Friday 3 November 2023 07:00
Thursday 5 October 2023 06:00
Monday 4 September 2023 06:00
Thursday 3 August 2023 06:00
Tuesday 4 July 2023 06:00
Monday 5 June 2023 06:00
Thursday 4 May 2023 06:00
Tuesday 4 April 2023 06:00
Friday 3 March 2023 07:00
Thursday 2 February 2023 07:00
Thursday 5 January 2023 07:00
Friday 2 December 2022 07:00
Wednesday 2 November 2022 07:00
Wednesday 5 October 2022 06:00
Friday 2 September 2022 06:00
Wednesday 3 August 2022 06:00
Monday 4 July 2022 06:00
Friday 3 June 2022 06:00
Wednesday 4 May 2022 06:00
Monday 4 April 2022 06:00
Friday 4 March 2022 07:00
Wednesday 9 February 2022 07:00
Friday 7 January 2022 07:00
Thursday 9 December 2021 07:00
Tuesday 9 November 2021 07:00
Friday 8 October 2021 06:00
Thursday 9 September 2021 06:00
Monday 9 August 2021 06:00
Thursday 8 July 2021 06:00
Wednesday 9 June 2021 06:00

Economic context

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

Core Harmonized Index of Consumer Prices (MoM)(no change)0.7%0.7%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.7%2.7%
Harmonized Index of Consumer Prices (MoM)(no change)0.6%0.6%
Consumer Price Index (EU Norm) (YoY)Bearish change1%0.9%
Consumer Price Index (YoY)Bearish change0.9%0.8%
Employment Change (QoQ)(no change)0.3%0.3%
Gross Domestic Product s.a. (QoQ)(no change)0.3%0.3%
Gross Domestic Product s.a. (YoY)(no change)0.4%0.4%
Industrial Production s.a. (MoM)Bearish change1%0.6%
Consumer Price Index (EU norm) (YoY)(no change)2.4%2.4%
ZEW Survey – Current SituationBullish change-79.2-72.3
ZEW Survey – Economic SentimentBullish change42.947.1
ZEW Survey – Economic SentimentBullish change43.947
Harmonized Index of Consumer Prices (YoY)(no change)3.4%3.4%
Harmonized Index of Consumer Prices (MoM)(no change)0.6%0.6%
Industrial Production n.s.a. w.d.a. (YoY)Bullish change-5.3%-3.3%
Industrial Production s.a. (MoM)Bearish change1.7%-0.4%
Retail Sales (MoM)Bullish change-0.3%0.8%
Retail Sales (YoY)Bullish change-0.5%0.7%
Factory Orders n.s.a. (YoY)Bullish change-8.8%-1.9%
Factory Orders s.a. (MoM)Bullish change-0.8%-0.4%
Producer Price Index (MoM)Bullish change-1.1%-0.4%
Producer Price Index (YoY)Bullish change-8.5%-7.8%
Sentix Investor ConfidenceBullish change-5.9-3.6
HCOB Composite PMIBullish change51.451.7
HCOB Composite PMIBullish change50.550.6
HCOB Services PMIBearish change53.353.2
HCOB Services PMIBullish change56.156.2

About Trade Balance s.a.

Source:Federal Statistics Office of Germany
Category:Capital Flows

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