European Economics Preview: Germany Foreign Trade Data Due

By | December 9, 2019
InstaForex
European Economics Preview: Germany Foreign Trade Data Due

Foreign trade data from Germany is due on Monday, headlining a light day for the European economic preview.

At 1.45 am ET, the State Secretariat for Economic Affairs is scheduled to release Swiss unemployment data. The jobless rate is forecast to remain unchanged at seasonally adjusted 2.3 percent in November.

At 2.00 am ET, Destatis is slated to issue Germany’s foreign trade data. Exports are forecast to fall 0.3 percent and imports to drop 0.1 percent in October.

In 2.30 am ET, Bank of France publishes business confidence survey results.

At 3.00 am ET, industrial output and foreign trade figures from the Czech Republic are due. Production is forecast to shrink 3 percent annually in October. The trade surplus is expected to fall to CZK 13.3 billion from CZK 25.1 billion in September.

In the meantime, Hungary’s foreign trade data is due. The trade surplus is seen at EUR 200 million in October versus EUR 539 million a month ago.

At 4.30 am ET, Sentix is scheduled to issue euro area investor confidence data for December. Economists forecast the index to fall to -5.3 from -4.5 in November.


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