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European Economics Preview: Eurozone Trade Data Due


External trade and current account from Eurozone are due on Monday, headlining a light day for the European economic news.

At 3.00 am ET, the Czech Statistical Office is slated to release producer price data for August. Producer price inflation is seen rising to 1.6 percent from 1.3 percent in July.

In the meantime, Turkey's unemployment and consumer confidence figures are due.

At 4.00 am ET, the European Central Bank is scheduled to publish euro area current account data for July. The surplus is seen at EUR 15 billion compared to EUR 15.7 billion in June.

At the same time, trade data from Italy and Norway are due. Italy's trade balance showed a surplus of EUR 2.5 billion in June.

At 5.00 am ET, Eurostat is set to publish trade and labor cost data. The Eurozone trade surplus is forecast to rise to EUR 15 billion in July from EUR 14.9 billion in June. In the second quarter, labor cost is seen rising 1.6 percent year-on-year compared to 2 percent increase in the first quarter.

by RTTNews Staff Writer

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