Tuesday, 7 February 2012

European Economics Preview: German Industrial Output Data Due

German industrial production is the only significant statistical data due from major economies in Europe on Tuesday. While focus remains on the ongoing talks regarding Greece bailout, the country is set to hold an auction of its short-term debt later today.
Statistics Finland is slated to release trend indicator of output for November. In the meantime, Finnish external trade figures are also due.
French trade figures are due at 2.45 am ET. The trade deficit is expected to widen to EUR 5.35 billion in December from EUR 4.4 billion in November.
At 3.00 am ET, trade balance and unemployment from Czech and industrial output from Hungary are due. The Czech jobless rate is seen rising to 9.1 percent in January from 8.6 percent in December.
Hungary's industrial output is expected to grow at a pace of 9.3 percent year-on-year in December, after increasing 3.6 percent in November.
Half an hour later, Statistics Netherlands is set to issue industrial production figures for December. Production is forecast to remain flat month-on-month.
Greek will auction 26-week T-bills at 5.10 am ET. The government plans to raise EUR 625 million from the issue. The settlement date is February 10.
The Federal Ministry of Economy and Technology is scheduled to issue German industrial output data for December at 6.00 am ET. Economists forecast production to remain flat on a monthly basis after falling 0.6 percent in November. Meanwhile, annual growth is forecast to accelerate to 4.3 percent from 3.6 percent.

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