New data Balance of Trade (Sep)
11/7/2024
actual 17, previous 22.5
The event is the Balance of Trade report for Germany in September. The actual balance of trade for this period is 17 billion euros, which is lower than the previous month's figure of 22.5 billion euros. This represents a decrease of 24.44% from the previous month. The market had anticipated a balance of trade of 20.9 billion euros, so the actual figure came in lower than expected.Given the high impact of this event, the lower-than-expected balance of trade could potentially have a significant impact on the Euro (EUR) currency and the overall economic outlook for Germany. A lower balance of trade could indicate a decrease in exports relative to imports, which may have implications for the country's economic growth and trade relationships.
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