Market Updates: Eurozone Releases Series of Economic Events

In December 2018, both the value and volume of retail trade fell by 0.7% when compared with the previous month.


The Euro is the second currency in focus before the release of BOE Monetary Policy. Here’s a quick update on releases:

German Industrial Production m/m – In December 2018, production in the industry was down by 0.4% from the previous month on a price, seasonally and calendar adjusted basis according to provisional data of the Federal Statistical Office (Destatis). The revised figure shows a decrease of 1.3% (primary -1.9%) from November 2018. In December 2018, production in industry excluding energy and construction was up by 0.2%.

Impact: Negative Impact on Euro

French Trade Balance – It shows a difference in value between imported and exported goods during the reported month. According to the data release from Ministry for the Economy and Finance, the french trade balance slipped to -4.7B vs. -4.1B previously.

Impact: Negative Impact on Euro

Italian Retail Sales m/m – In December 2018, both the value and the volume of retail trade fell by 0.7% when compared with the previous month. The yearly growth rate in terms of value drop by 0.6%, while the quantity sold decreased by 0.5%.

In the three months to December (Quarter 4), the value of retail trade edge higher by 0.1%, showing a slowdown to growth in comparison with the previous quarter (+0.4%), while the volume remained unchanged at +0.3%.

Impact: Negative Impact on Euro

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

Comments

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers