Free Trial

MNI DATA PREVIEW: EZ Trade Balance June 2019

     LONDON (MNI) - EUROZONE DATA: Trade Balance (Jun 2019) Preview - 10:00 BST
---------------------------------------------------------------------------- 
- Trade Bal: Bloomberg Consensus: EUR 18.5bn (sa); Prev (May): EUR20.2bn (sa) 
- Exports: Prev (May): +1.4% m/m (sa), 7.1% y/y (nsa) 
- Imports: Prev (May): -1.0% m/m (sa), 4.2% y/y (nsa) 
- Mkts look for a contraction in the trade surplus in June following an
expansion in May 
- Exports rebounded m/m in May, while imports recorded a second successive fall
- Country-level data supports market expectations... 
-...with the German and Dutch trade surpluses narrowing in June...
-...while the French and Portuguese deficits expanded in June compared to May 
- Export trade deteriorated to the greatest degree since Nov 2011 according to
July's manuf PMI 
- Together with global demand remaining subdued due to persisting uncertainties
(trade tensions, Brexit, auto tariffs), an expansion of the EZ trade surplus in
the near term is unlikely
--MNI London Bureau; +44 0203 865 3814; email: irene.prihoda@marketnews.com
[TOPICS: MAXPR$,M$X$$$]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.