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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IrelandIreland Balance of Trade-Final fell to 2.97B in December 2013
FMPMonthlyReleased January 2014
Ireland Balance of Trade-Final fell to 2.97B in December 2013, released January 2014, down 0.24B from November's 3.21B reading. The reading matched the 2.97B consensus.
Latest Release
2.970000
Actual
2.970000
Consensus
3.210000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Balance of Trade-Final (Ireland) was reported at 2.97 billion in January 2014. This matched the market consensus of 2.97 billion exactly. The reading fell from the previous value of 3.21 billion.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update January 2014.
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Balance of Trade-Final - IE
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About Balance of Trade-Final — Ireland
DEFINITION
The Balance of Trade-Final is a key financial indicator that measures the difference between a country's exports and imports of goods and services. It reflects the overall health and competitiveness of a nation's economy in the global market. A positive balance of trade indicates that a country is exporting more than it is importing, resulting in a surplus, while a negative balance of trade indicates a deficit. This indicator is closely monitored by economists and policymakers as it can impact a country's currency value, trade policies, and overall economic growth.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2014): actual 2.97 B, consensus 2.97 B.
Σ
EXPECTED ZONE
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