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Financial News: European Economics Preview: Germany Foreign Trade Data Due

European Economics Preview: Germany Foreign Trade Data Due

09/08/2020 - 01:13:00 (RTTNews)

(RTTNews) - Foreign trade data from Germany and revised GDP data from euro area are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is slated to issue Germany's foreign trade data for July. Exports are forecast to grow 5 percent on month and imports to grow 3.3 percent. At 2.45 am ET, France's external trade data is due for July. The deficit totaled EUR 8 billion in June.

At 3.00 am ET, foreign trade figures are due Hungary and Austria. Hungary's trade surplus is seen at EUR 235 million in July.

Half an hour later, Statistics Sweden publishes industrial production and new orders data.

At 4.00 am ET, Italy's Istat releases retail sales figures for July. Sales had increased 12.1 percent on month in June.

At 5.00 am ET, Eurostat publishes euro area revised GDP data. The statistical office is expected to confirm 12.1 percent sequential fall in the second quarter.

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