Monitor EZ Current Account for insights into currency demand trends and regional economic health. Seasonally adjusted data.
This indicator is closely tied to the demand for currency; an increasing surplus suggests that foreign investors are acquiring more domestic currency to conduct transactions in the area. This data is seasonally adjusted (as is standard for many foreign trade figures) and should not be mixed up with the non-seasonally adjusted figures that some media outlets report. The goods component does not influence the outcome as it mirrors the Trade Balance data disseminated about a week earlier.
What it Measures
It represents the difference in value for imports versus exports, including services, income flows, and unilateral transfers from the previous month.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically signals a positive outcome for the currency.
Source & Frequency
European Central Bank (latest release) - https://www.ecb.europa.eu/home/html/index.en.html • This data is published monthly, approximately 50 days following the conclusion of the month.
How Data is Derived
N/A
Also Known As
N/A
Acronym
N/A