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European Economics Preview: German Foreign Trade, Industrial Output Reports Due
RTTNews) – Monday, major statistical reports due for the day include industrial production and foreign trade statistics from Germany.
Germany’s external trade data for September is expected from Federal Statistical Office at 2:00 am ET. The trade surplus is forecast to rise to EUR 11.2 billion in September from EUR 8.1 billion in August.
At 2:30 am ET, the Bank of France is slated to release business confidence survey results for October. The index is seen at 93, compared to 92 in the previous month
Consumer price data for October is due from the Czech Statistical Office at 3:00 am ET. Economists expect the consumer price index to decline 0.1% month-on-month in October, following September’s 0.4% drop. Prices are forecast to decrease 0.1% on a yearly basis as well, after prices remained flat last month. Unemployment figures for October are also due at the same time from the Ministry of Labor and Social Affairs. The Czech unemployment rate is expected to remain stable at 8.6%.
In the meantime, the Turkish Statistical Institute is scheduled to release industrial production data for September. Economists expect industrial output to fall 7.5% year-on-year, faster than the 6.3% drop in the preceding month.
Industrial production figures for September is due from the Statistical Office of the Slovak Republic at 3:00 am ET. Last month, industrial output fell 5.7% annually.
Elsewhere, trade balance data for September is expected from Romania’s statistical office. Last month, a trade deficit of EUR 0.73 billion was reported. Retail sales figures for September are also due from the statistical office. Sales had fallen 12.1% year-on-year in August.
Half an hour later, the Statistics Denmark is slated to release trade figures for September. Last month, a trade surplus of DKK 4.6 billion was reported.
At 4:30 am ET, Eurozone sentix investor confidence survey result for November is due. The corresponding index is forecast to rebound to 11.5 from minus 12.6 in the prior month.
Slovenia’s foreign trade data for September is due at 4:30 am ET. The trade balance logged a deficit of EUR 163.6 million in August.
At 5:00 am ET, the Statistical Service of the Republic of Cyprus is scheduled to release trade statistics for September. The trade balance showed a deficit of EUR 373 million in the previous month. Afterwards at 6:00 am ET, Germany’s Federal Ministry of Economics and Technology is set to issue industrial production data for September. Industrial output is expected to fall 13.8% on a yearly basis, slower than the 16.8% drop in the previous month. Month-on-month, output is forecast to rise 1.2% compared to the 1.7% increase in the preceding month.
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