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European Economic News

European Economics Preview: German Foreign Trade Data Due

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

Foreign trade from Germany and the U.K. are due on Friday, headlining a light day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs is set to release Swiss unemployment data for June. The jobless rate is seen unchanged at a seasonally adjusted 3.5 percent in June.

At 2.00 am ET, Destatis is scheduled to issue Germany's foreign trade data for May. Exports are forecast to rise 0.4 percent on a monthly basis and imports to grow 0.7 percent.

At 2.30 am ET, the Bank of France is set to release business sentiment survey data. The indicator is seen unchanged at 97 in June.

At 2.45 am ET, the French statistical office Insee releases industrial production for May. Production is expected to fall 0.5 percent month-on-month in May reversing a 1.2 percent rise in April.

At 3.00 am ET, industrial production and retail sales from the Czech Republic and consumer prices and foreign trade from Hungary are due. Czech industrial production is expected to expand 9.1 percent annually and retail sales to climb 10 percent in May.

At 4.30 am ET, the Office for National Statistics is scheduled to publish U.K. foreign trade data. The visible trade deficit is seen widening to GBP 10.7 billion in May from GBP 10.5 billion in April.

Greece's consumer prices are due at 5.00 am ET. Prices had declined 0.2 percent on a yearly basis in May.

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