Yesterday's session brought German Trade Balance and French Industrial Production figures were released. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 21.6 billion euros in August 2017. According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 17.8 billion euros in August 2017, which takes into account the balances of trade in goods including supplementary trade items (+21.8 billion euros), services (-4.9 billion euros), primary income (+4.4 billion euros) and secondary income (-3.5 billion euros). In August 2016, the German current account showed a surplus of 16.9 billion euros.
In August 2017, output slipped back slightly in the manufacturing industry (−0.4% after +0.6% in July) as well as in the whole industry (−0.3% after +0.8%). Manufacturing output was virtually stable over the last three months (+0.1%). Over the last three months, manufacturing output remained virtually stable in the manufacturing industry (+0.1%). It went up slightly in the overall industry (+0.2%).
There will be no major data releases from Eurozone tomorrow. In the US session FOMC Meeting Minutes will be published.
Figures to watch:
FOMC Meeting Minutes (Wednesday 20:00)
