Eurozone Trade and German Wholesale Prices in Focus for Monday Economic Data

Key economic indicators from the Eurozone and Germany took center stage on Monday, with foreign trade figures and wholesale price data offering insights into regional economic momentum. n nAt 2.00 am ET, Germany’s Federal Statistical Office (Destatis) released the country’s wholesale price index for August. According to market expectations, prices increased by 0.2 percent compared to the previous month, a turnaround from the 0.1 percent decline recorded in July. This suggests a stabilization in domestic pricing pressures within Europe’s largest economy. n nSwitzerland followed with its producer price index report at 2.30 am ET, providing additional context on inflation trends in the broader European region. n nLater, at 4.00 am ET, Italy’s national statistics institute, ISTAT, reported foreign trade data for July. The trade surplus is projected to have expanded slightly to EUR 5.5 billion, up from EUR 5.4 billion in June, reflecting steady export performance. n nAt 5.00 am ET, Eurostat published the euro area’s foreign trade balance for July. Analysts anticipate a notable improvement, with the surplus expected to reach EUR 11.7 billion, up from EUR 7.0 billion in the prior month. This would indicate stronger external demand and improved trade dynamics across the currency bloc. n
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European Economic News Preview: Eurozone Foreign Trade Data Due
Foreign trade from Eurozone and wholesale prices from Germany are the top economic news due on Monday. n nAt 2.00 am ET, Destatis is scheduled to issue Germany’s wholesale prices for August. Economists forecast prices to rise 0.2 percent month-on-month, reversing a 0.1 percent fall in July. n nAt 2.30 am ET, producer price data is due from Switzerland. n nAt 4.00 am ET, Italy’s statistical office ISTAT publishes foreign trade data for July. The trade surplus is seen rising to EUR 5.5 billion from EUR 5.4 billion in June. n nAt 5.00 am ET, Eurostat is set to release euro area foreign trade data for July. Economists forecast the trade surplus to rise to EUR 11.7 billion from EUR 7.0 billion in June. n nby Renju Jaya n nFor comments and feedback: contact editorial@rttnews.com

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