In July, Italian and EMU industrial production both could have recovered from their setbacks in June.
Following their usual seasonal pattern, the EMU trade balance and current account are expected to have improved in July. However, the corresponding German figures went down.
Eurostat is publishing the final EMU HICP data for August. We expect the preliminary estimate to be confirmed. If there is a revision, however, it will be downward.
Similar Posts:
- German retail sales (Jun): Up
- EMU industrial production (June): Down
- German retail sales (Aug): Setback likely
- Nonfarm payrolls (Aug): Moderate increase
- PMI manufacturing index EMU (Sep): Down
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