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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Federal Budget Balance climbed to 112.9B in May 2013
FMPMonthlyReleased May 2013
US Federal Budget Balance climbed to 112.9B in May 2013, up 219.9B from April's -107B reading. The print exceeded the 106.5B consensus by 6.4B. The print is running well above the 12-month average of -107B.
Latest Release
112.9
Actual
106.5
Consensus
-107
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 |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → 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
Federal Budget Balance (United States) was reported at 112.90 billion in May 2013. This beat the market consensus of 106.50 billion by 6.40 billion. The reading rose from the previous value of -107.00 billion. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update May 2013.
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Federal Budget Balance - US
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About Federal Budget Balance — United States
DEFINITION
The Federal Budget Balance is a financial indicator that measures the difference between the government's total revenue and total spending in a given fiscal year. It provides insight into the overall financial health of the government and its ability to manage its budget effectively. A positive balance indicates a surplus, while a negative balance indicates a deficit. This indicator is closely monitored by economists, policymakers, and investors as it can impact the economy and financial markets.
WHY THIS INDICATOR MATTERS
Fiscal and debt-supply data influence sovereign-yield term premia and currency expectations, particularly when supply pressures interact with policy normalization. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2013): actual 112.9 B, consensus 106.5 B. Prior reading (Apr 2013): -107 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.