United States Terms Of Trade
United States · Quarterly series · EC-US-TOT
Latest, Q2 2026
112.6 pts
+3.3% from Q1 2026
Forecast
No forecast is cached this cycle.
AI confidence
No forecast yetEvidence will appear when a forecast and its backtests are available.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Comparison not readyA forecast and enough history for rolling backtests are required.
Reading
It is above 82% of the 39 earlier readings since Q3 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| Q2 2026 | 112.6 pts |
| Q1 2026 | 109.0 pts |
| Q4 2025 | 108.7 pts |
| Q3 2025 | 109.3 pts |
| Q2 2025 | 109.0 pts |
| Q1 2025 | 108.6 pts |
| Q4 2024 | 107.5 pts |
| Q3 2024 | 107.8 pts |
| Q2 2024 | 108.5 pts |
| Q1 2024 | 108.5 pts |
| Q4 2023 | 108.8 pts |
| Q3 2023 | 109.9 pts |
| Q2 2023 | 108.9 pts |
| Q1 2023 | 113.7 pts |
| Q4 2022 | 113.8 pts |
| Q3 2022 | 114.5 pts |
| Q2 2022 | 118.0 pts |
| Q1 2022 | 114.7 pts |
| Q4 2021 | 112.8 pts |
| Q3 2021 | 112.7 pts |
| Q2 2021 | 111.3 pts |
| Q1 2021 | 107.6 pts |
| Q4 2020 | 105.1 pts |
| Q3 2020 | 103.8 pts |
Source
Data: public market data feeds.
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