Free Trial

MNI: EUROZONE DATA: Trade Balance (Mar 2019).........>

MNI, NEWS
MNI: EUROZONE DATA: Trade Balance (Mar 2019) Preview - 10:00 BST
-------------------------------------------------------------------------------
- Trade Bal: Bloomberg Consensus: EUR 19.4bn (sa); Prev (Feb): EUR19.5bn (sa)
- Exports: Prev (Feb): -1.4% m/m (sa), 4.4% y/y (nsa)
- Imports: Prev (Feb): -2.7% m/m (sa), 4.0% y/y (nsa)
- Markets look for a slight contraction in the trade surplus following five
consecutive months of expansion...
- ... which left it at its highest level in nearly a year in Feb
- While exports declined in Feb following two consecutive m/m increases...
- ... imports fell at a faster rate, posting the largest m/m decrease since Feb
2018
- Net trade contributed 0.2pp to Q4 GDP growth
- While another positive contribution in Q1 looks probable...
- ... the medium-term outlook for EZ exports is clouded by a number of risks...
- ... with the looming May 18 deadline for a decision on US auto import tariffs
posing a particular threat

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.