Monitor the EZ Trade Balance to gauge Eurozone economic health. Reflects export-import goods disparity.
This data is seasonally adjusted (as is common with most FF figures) and should not be confused with the non-seasonally adjusted data that some news outlets report. Its impact is usually subdued since Germany and France, which together represent approximately half of the Eurozone's economy, release their trade figures earlier. A positive Trade Balance indicates that exports have surpassed imports.
What it Measures
The difference in value between exported and imported goods and services for the reported month.
Usual Effect
A reported 'Actual' that exceeds the 'Forecast' is favorable for the currency.
Source & Frequency
Eurostat (latest release) - https://ec.europa.eu/eurostat/web/main/home • Data is released monthly, approximately 45 days following the conclusion of the month.
How Data is Derived
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Also Known As
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Acronym
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