| About CMS | Forex Services | Trading Software | Forex Education | Forex Resources | My Account |
Main Indicator: Trade Balance
Most Recent Release
|
Actual | Forecast | Previous | Revised Form | |
| -1.3B | -5.2B | -4.5B | -5.7B | ||
|
For October (s.a.)
Trade Balance n.s.a.: €0.9B, forecast -€4.5B, pr. -€5.6B (Sep),
The Euro-zone trade deficit narrowed in October to a seasonally adjusted €1.3 billion, and showed a surplus of €0.9 billion in non seasonally adjusted terms. Both figures beat expectations, but do so as imports fell 4.6% and exports were down 2.5% in seasonally adjusted terms. European consumers are reluctant to buy goods abroad as their confidence is shaken and global demand is falling for European exports. That signals a sharp reduction in buying both at home and abroad which points to weaker growth ahead and deepening recession. |
|||||
Table of Past Data
| 3/19 | 4/17 | 5/16 | 6/17 | 7/18 | 8/18 | 9/17 | 10/17 | 11/17 | 12/18 | ||
| Actual | -2.0B | 2.1B | -2.4B | 2.2B | -1.5B | -3.0B | -6.4B | -6.1B | -5.7B | -1.3B | |
| Forecast | -0.5B | -2.0B | -0.5B | 0.8B | 0.5B | -3.7B | 5.4B | -5.7B | -5.2B | ||
| Previous | -1.8B | -1.0B | 1.6B | -2.4B | 2.2B | -1.0B | -3.0B | 66.7B | -5.7B | -4.5B | |
| Revised From | -2.1B | -2.0B | 2.1B | N/A | N/A | -1.5B | N/A | N/A | -6.1B | -5.7B | |
Past Releases
|
Actual | Forecast | Previous | Revised Form | |
| -5.7B | -5.7B | -5.7B | -6.1B | ||
|
For September (s.a.)
Trade Balance n.s.a.: -€5.6B, pr. -€9.4B (Aug), -€2.0B (Jul), -€0.2B (Jun),
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -6.1B | 5.4B | 66.7B | N/A | ||
|
For August (s.a.)
Trade Balance n.s.a.: -€9.3B, pr. -€2.0B (rev. from -€2.3B - Jul), -€0.2B (Jun),
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -6.4B | -3.7B | -3.0B | N/A | ||
|
For July (s.a.)
Trade Balance n.s.a.: -€2.3B, forecast -€3.0B, pr. -€0.2B (Jun), -€4.6B (May), €2.3B (Apr)
The Euro-area trade deficit widened in July as the increase in exports was overshadowed by a higher import bill. The non-seasonally adjusted trade deficit grew to €2.3 billion in July from €0.2B in in June. On a seasonally adjusted basis, the deficit was at €6.4B.
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -3.0B | 0.5B | -1.0B | -1.5B | ||
|
For June (s.a.)
Trade Balance n.s.a.: -0.1B, forecast 1.2B, pr. -€4.6B (May), €2.3B (Apr)
The Euro-zone trade balance showed a deficit of 3 billion euros for the June period. That's the widest deficit in nearly 2 years, and surprises forecasts on the downside. Imports rose twice as much as exports, mainly as a result of higher oil and commodities prices. Sales to the US continue to decline, falling 4% in the five months through May from a year earlier (detailed data comes out with a one month lag). China and Russia have picked up the slack, with Germany benefiting the most. With the Euro sliding in recent weeks, it may help the trade numbers going forward, though slowing global demand will have an opposite effect.
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -1.5B | 0.8B | 2.2B | N/A | ||
|
For May (s.a.)
Trade Balance n.s.a.: -€4.6B, forecast -€1.0B, pr. €2.3B The European trade balance reported a seasonally adjusted 1.5 billion deficit, which surprised forecasts on the downside. Exports were down 3.4% as global growth cools and the Euro's strong appreciation has reduced the competitiveness of European exports abroad. Euro-zone exports to the US was down 4% in the four month through April, compared to last year. Trade with China and Russia was much robust increasing 19% and 24% respectively. Both Germany and France saw weaker export sales. From the Release: "The first estimate for the euro area (EA15) trade balance with the rest of the world in May 2008 gave a 4.6 bn euro deficit, compared with +1.4 bn in May 2007. The April 2008 balance was +2.5 bn, compared with +2.0 bn in April 2007. In May 2008 compared with April 2008, seasonally adjusted exports fell by 3.4% and imports by 1.3%."
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 2.2B | -0.5B | -2.4B | N/A | ||
| S.A. for April. | |||||
|
Actual | Forecast | Previous | Revised Form | |
| -2.4B | 1.6B | 2.1B | |||
|
Seasonally adjusted for March
Trade Balance n.s.a.: -2.3B, forecast 2.5B, pr. €0.8B (Feb), -€10.7B (Jan)
The trade balance in the Euro-zone, seasonally adjusted, swung to a deficit of 2.4B compared to February's 1.6B surplus. Import growth was flat while exports declined 2.9%. The rise of the Euro to new record highs made European goods more expensive abroad and most likely dented demand. The second quarter can prove to be a bit more perilous for the Euro-zone as the German economy is showing signs of straining and losing some of its momentum. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 2.1B | -2.0B | -1.0B | -2.0B | ||
|
Seasonally adjusted for February
Trade Balance n.s.a.: €0.8B, forecast -€3.5B, pr. -€10.7B
The European trade balance unexpectadly turn to a surplus. Unadjusted, the surplus was €0.8B while adjusted the surplus climbed to €2.1B. Exports increased by 3.3% while imports decreased 0.7%, both helping to add to the trade balance in the Euro-zone's favor. European exports to the US failed to grow in January the report revealed, as the value of the Euro continues to appreciate agains the greenback. Exports to the UK increased 5%, while sales to Russia and China jumped 25%. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -2.0B | -0.5B | -1.8B | -2.1B | ||
|
Seasonally adjusted for January
Trade Balance n.s.a.: -10.7B, forecast -7.0B, pr. -4.1B The seasonally adjusted trade deficit widened slightly from December's upwardly revised total. Exports rose 7.4% from December, and imports were up 7.4% as well. For all of last year, exports to the US declined 3% to 194 billion euros, as the Euro has climbed in value against the Dollar and made its goods more expensive there. Exports to China grew by 12% and exports to Russia were up 21%. The release coincided with the EUR/USD hitting a session high at 1.5785 after which the pair fell in favor of the Dollar. |
|||||