Euro Area EUR

Euro Area Current Account s.a

Info

History

Chart

Impact:

Low

Latest Release:

Date:

Surprise:

€15B

Actual:

€50.9B

Forecast: €35.9B

Previous/Revision:

€40.6B

Period: Mar

Next Release:

Date:

Forecast: €45.5B

Period: Apr

What Does It Measure?

The Euro Area Current Account (s.a.) measures the balance of goods, services, income, and current transfers received from or paid to the rest of the world. It primarily focuses on trade in goods and services, along with income flows and unilateral transfers, assessing the Eurozone's economic relationship with external economies.

Frequency

The Euro Area Current Account is released quarterly, with the data typically shared around 8 weeks after the end of the quarter in question.

Why Do Traders Care?

Traders closely monitor the Euro Area Current Account as it provides insights into the economic health and external competitiveness of the Eurozone, influencing perceptions of the euro's strength. A surplus can lead to a stronger euro and bolster confidence in equity markets, while a deficit may have the opposite effect, dampening market sentiment.

What Is It Derived From?

This indicator is calculated using data collected from national statistics offices and central banks within the Eurozone regarding trade flows, investment income, and transfers. The calculations typically incorporate comprehensive surveys and reports from various economic sectors, employing industry standards for accuracy.

Description

The Euro Area Current Account is critical for understanding how the region interacts with global economies, serving as a measure of international trade balance and external financial position. It is often seen as a coincident economic indicator, reflecting the current economic conditions and providing insights into potential future trends based on trade dynamics.

Additional Notes

The current account is generally considered a coincident indicator, as it reflects transactions that occur in real-time and is essential for gauging the economic performance of the Eurozone compared to other regions. It often correlates with other indicators such as the trade balance and investment flows, contributing to a broader understanding of economic trends.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 20, 2025	€50.9B	€35.9B	€40.6B	€15B
Apr 16, 2025	€34.3B	€37.3B	€40.3B	€-3B
Mar 21, 2025	€35.4B	€34B	€38.4B	€1.4B
Feb 19, 2025	€38.4B	€30.2B	€25B	€8.2B
Jan 17, 2025	€27B	€28B	€30.2B	€-1B
Dec 19, 2024	€26B	€33.5B	€39B	€-7.5B
Nov 19, 2024	€37B	€27B	€35.4B	€10B
Oct 18, 2024	€31B	€42.2B	€41B	€-11.2B
Sep 19, 2024	€39.6B	€40.3B	€51B	€-0.7B
Aug 20, 2024	€50.5B	€37B	€37.6B	€13.5B
Jul 19, 2024	€36.7B	€34.6B	€38.6B	€2.1B
Jun 19, 2024	€38.6B	€35.2B	€35.8B	€3.4B
May 21, 2024	€35.8B	€30.2B	€28.9B	€5.6B
Apr 18, 2024	€29.5B	€45.2B	€39.3B	€-15.7B
Mar 21, 2024	€39.35B		€31.95B
Feb 20, 2024	€31.95B	€20.3B	€22.5B	€11.65B
Jan 18, 2024	€24.6B	€30.9B	€32.3B	€-6.3B
Dec 20, 2023	€34B	€27B	€31.23B	€7B
Nov 17, 2023	€31B	€20.3B	€30.8B	€10.7B
Oct 19, 2023	€27.7B		€21.02B
Sep 19, 2023	€20.9B	€30.2B	€35.84B	€-9.3B
Aug 22, 2023	€35.84B		€7.9B
Jul 20, 2023	€9.1B		€4B
Jun 20, 2023	€4B		€31B
May 23, 2023	€31.16B	€19.1B	€24.47B	€12.06B
Apr 19, 2023	€24.32B		€18.63B
Mar 22, 2023	€17B	€16.5B	€13B	€0.5B
Feb 17, 2023	€15.9B		€13B
Jan 19, 2023	€13.55B		€-0.402B
Dec 20, 2022	€-0.4B		€-8.1B
Nov 22, 2022	€-8.1B	€-22.8B	€-26.9B	€14.7B
Oct 20, 2022	€-26.32B	€-20.3B	€-19.86B	€-6.02B