Trade Balance. Germany, 09:00 (GMT+2)

Trade Balance release is due at 09:00 (GMT+2) in Germany. It is predicted that in October the value of the indicator will decrease to 17.2 billion from 17.6 billion a month earlier. The indicator represents the difference between the import and export of goods and services in monetary terms. A positive value means a trade surplus, that is, the prevalence of exports over imports. A negative value indicates a balance deficit and indicates the predominance of imports over exports. The increase in exports has a positive effect on the German economy. High values ​​strengthen the EUR, and low ones ​​weaken the currency.

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