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 5 February 2024 07:00


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

Trading range

Forecast history

The most recent announced value for Trade Balance s.a. was €22.2B against a forecast of €18.8B.

Past events

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
Friday 7 May 2021 06:00
Friday 9 April 2021 06:00
Tuesday 9 March 2021 07:00

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:

IFO – Business ClimateBullish change85.285.5
IFO – Current Assessment(no change)86.986.9
IFO – ExpectationsBullish change83.584.1
Gross Domestic Product (YoY)(no change)-0.2%-0.2%
Gross Domestic Product (QoQ)(no change)-0.3%-0.3%
Gross Domestic Product w.d.a (YoY)(no change)-0.4%-0.4%
Core Harmonized Index of Consumer Prices (YoY)(no change)3.3%3.3%
Core Harmonized Index of Consumer Prices (MoM)(no change)-0.9%-0.9%
Harmonized Index of Consumer Prices (MoM)(no change)-0.4%-0.4%
HCOB Services PMIBullish change48.450
HCOB Manufacturing PMIBearish change46.646.1
HCOB Composite PMIBullish change47.948.9
Consumer Price Index (EU Norm) (YoY)(no change)0.9%0.9%
Consumer Price Index (YoY)(no change)0.8%0.8%
HCOB Services PMIBullish change47.748.2
HCOB Manufacturing PMIBearish change45.542.3
HCOB Composite PMIBearish change4746.1
HCOB Manufacturing PMIBullish change43.146.8
HCOB Services PMIBullish change45.448
HCOB Composite PMIBullish change44.647.7
Consumer ConfidenceBullish change-16.1-15.5
Consumer Price Index (EU norm) (YoY)(no change)3.4%3.4%
Harmonized Index of Consumer Prices (YoY)(no change)3.5%3.5%
Gross Domestic Product s.a. (QoQ)(no change)0%0%
Gross Domestic Product s.a. (YoY)(no change)0.1%0.1%
Employment Change (QoQ)Bullish change0.2%0.3%
Industrial Production s.a. (MoM)Bullish change0.4%2.6%
ZEW Survey – Economic SentimentBullish change22.725
ZEW Survey – Current SituationBearish change-77.3-81.7
ZEW Survey – Economic SentimentBullish change15.219.9

About Trade Balance s.a.

Source:Federal Statistics Office of Germany
Category:Capital Flows

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