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Economy And The Numbers

European Economics Preview: German Foreign Trade Data Due

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Foreign trade from Germany is the major data due on Monday, headlining a light day for the European economics news.

At 3.00 am ET, the Federal Statistical Office is slated to issue Germany's foreign trade figures. The trade surplus is forecast to rise to EUR 14.4 billion in January from EUR 12 billion in December. Economists forecast exports to rise 0.5 percent.

At 3.45 am ET, the French statistical office Insee is scheduled to release industrial output figures. Economists forecast industrial production to fall 0.2 percent month-on-month in January, following a 0.1 percent drop in December.

Czech consumer prices and final GDP figures are due at 4.00 am ET. Annual inflation is seen slowing marginally to 1.8 percent in February from 1.9 percent in January.

In the meantime, Hungary's preliminary trade data is due. The trade surplus is expected to increase to EUR 387 million in January from EUR 143.1 million a month ago.

The Federal Statistical Office is scheduled to publish Swiss retail sales at 4.15 am ET. Retail sales were up 5.1 percent in December.

Italy's final GDP data is due at 5.00 am ET. The preliminary estimate showed that the economy shrank 0.9 percent sequentially in the fourth quarter, sharper than the 0.2 percent fall seen in the third quarter.

In the meantime, Norway's consumer and producer prices are due. Inflation is forecast to slow to 1 percent in February from 1.3 percent in January.

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