Monitor GE Trade Balance to gauge export demand's impact on currency and domestic production.
The demand for exports is closely tied to the demand for currency, as international buyers need to purchase the domestic currency to pay for the country's goods. This demand also influences production levels and pricing for domestic manufacturers. Note that this data is seasonally adjusted—like most Forex Factory figures—and should not be confused with the non-seasonally adjusted figures that some media outlets report. A positive result signifies that exports exceeded imports.
What it Measures
The measure reflects the difference in value between goods imported and exported during the specified month.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is considered positive for the currency.
Source & Frequency
Destatis (latest release) - https://www.destatis.de/EN/Home/ • This data is released monthly, approximately 40 days after the conclusion of the reporting month.
How Data is Derived
N/A
Also Known As
Foreign Trade
Acronym
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