EUROZONE INDUSTRIAL OUTPUT EXPECTED ON MONDAY Eurozone industrial production data is due on Monday, headlining a light day for the European economic news. At 5 am ET, Eurostat will release Eurozone industrial production report. Industrial output is estimated to rise 0.5 percent year-over-year in May following the 1.4 percent increase in April. On a month-over-month basis, output is expected to decline 1.2 percent in May after the 0.8 percent growth in April. At 2 am ET, Statistics Finland is expected to release its consumer prices report for June. In May, consumer prices had risen 0.8 percent year-over-year and declined 0.2 percent month-over-month. At 3 am ET, the Hungarian Central Statistical Office will release its final industrial production report for May. In the preliminary report, a 9.6 percent year-over-year growth in industrial production was recorded. At 4 am ET, the Czech National Bank is scheduled to release its current account balance figures. The current account deficit is expected to narrow to CZK 9 billion in May from CZK 11.42 billion in April. At 8 am ET, the National Bank of Poland is due to release its current account and money supply reports. The current account surplus is expected to decrease to EUR 0.508 billion in May from EUR 1.028 billion in April. The M3 money supply is estimated to increase at the stable rate of 5.3 percent year-on-year in June. On a month-over-month basis, the M3 money supply is expected to increase at a slower rate of 0.5 percent in June following Mays 0.6 percent rise. The National Bank of Belgium is expected to release its trade balance figures for May at 9 am ET. In April, a trade surplus of EUR 63.5 million was recorded. At 1 pm ET, European Central Bank President Mario Draghi is due to speak at the European Parliament in Strasbourg. Source: mt5/
Posted on: Mon, 14 Jul 2014 05:54:26 +0000
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