German trade balance and eurozone investor sentiment are some of the important economic data scheduled for release on Monday.
At 2 am ET, German statistical office Destatis is due to release its current account and trade balance figures. The current account surplus is expected to decrease to EUR 14.5 billion in July from EUR 15 billion in June. However, the trade surplus is estimated to rise to EUR 17 billion in July from EUR 16.6 billion in June.
At 1:45 am ET, Switzerland’s State Secretariat for Economic Affairs is scheduled to release its unemployment report. The jobless rate is expected to remain unchanged at 3.2 percent in August.
At 2:30 am ET, the Bank of France will release its business sentiment report for France. The BoF business sentiment index is expected to fall to 95 in August from 96 in July.
At 3 am ET, the Czech Statistical Office is scheduled to release its construction output, industrial production and trade balance report for July. In June, the construction output had risen 5.1 percent year-over-year. Industrial production is expected to grow 6.6 percent year-over-year following the 8.1 percent increase in June. The trade surplus is estimated to decrease to CZK 10 billion in July from CZK 19.1 billion in June.
Around the same time, the Hungarian Central Statistical Office is due to release its trade balance report. The trade surplus is forecast to decrease to EUR 470 million in July from EUR 584.1 million in June.
Also around the same time, the Turkish Statistical Institute will release its industrial production report. Industrial output is estimated to rise at a slower rate of 1.3 percent year-over-year in July following the 1.4 percent increase in June. On a month-over-month basis, industrial output had risen 0.1 percent in June.
At 3:15 am ET, the Swiss Federal Statistical Office is scheduled to release its consumer prices report. Consumer prices are expected to remain unchanged year-over-year in August, just as in July. On a month-over-month basis, consumer prices are estimated to drop 0.1 percent in August following the 0.4 percent decline in July. The harmonised index of consumer prices had decreased 0.1 percent year-over-year but remained unchanged month-over-month in July.
At 4:30 am ET, Sentix is scheduled to release its investor confidence index for the eurozone. The index is expected to drop to 1.4 in September from 2.7 in August.
At 6 am ET, Statistics Portugal will release the final Portuguese GDP report for the second quarter. Preliminary estimates had called for 0.6 percent quarter-over-quarter and 0.8 percent year-over-year GDP growth for the second quarter.
The material has been provided by InstaForex Company – www.instaforex.com