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European Economics Preview: Eurozone Foreign Trade Data Due

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Foreign trade figures from the U.K. and Eurozone are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the European Automobile Manufacturers' Association is slated to release Europe's new car registrations for May. Sales were down 6.9 percent in April.

Sweden's AMV unemployment data is also due at 2.00 am ET. The jobless rate is expected to fall to 4.1 percent in May from 4.3 percent in April.

At 3.00 am ET, the Czech Statistical Office is scheduled to publish producer prices for May. Producer price inflation is seen slowing to 1.8 percent from 2.2 percent in April. In the meantime, Hungary's industrial output figures are also due.

External trade figures from Italy and Norway are due at 4.00 am ET. The Czech central bank is set to release current account data in the meantime. The balance is forecast to show a shortfall of CZK 3.55 billion in April compared to a surplus of CZK 10.65 billion in March.

Half an hour later, the Office for National Statistics is slated to publish April foreign trade figures. The U.K. visible trade deficit is seen at GBP 8.5 billion.

At 5.00 am ET, Eurozone foreign trade and employment reports are due. The trade surplus is expected to fall to EUR 4 billion in April from EUR 8.6 billion in March.

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