From Eurozone, yesterday, German Factory Orders and Retail Sales figures were published. Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in November 2017 a seasonally and working-day adjusted 0.4% on the previous month. For October 2017, revision of the preliminary outcome resulted in an increase of 0.7% compared with September 2017 (primary +0.5%). Price-adjusted new orders without major orders in manufacturing had increased in November 2017 a seasonally and working-day adjusted +1.8% on the previous month.
In November 2017 compared with October 2017, the seasonally adjusted volume of retail trade increased by 1.5% in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In October, the retail trade volume fell by 1.1% in the euro area and by 0.6% in the EU28. In November 2017 compared with November 2016, the calendar adjusted retail sales index increased by 2.8% in the euro area and by 2.7% in the EU28.
There will be no major data releases both from Eurozone and USA tomorrow, so we can expect a bit steadier session.
