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Eurozone Current Account showed surplus of €22.3 billion

It is a less eventful European part of Friday's session with only minor importance German PPI and Eurozone Current Account figures being released. In May 2015 the index of producer prices for industrial products in Germany fell by 1.3% compared with the corresponding month of the preceding year. In April 2015 the annual rate of change all over had been –1.5%.Compared with the preceding month the overall index remained unchanged in May 2015, missing forecasts on 0.2% incline.
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Eurozone Trade Balance surplus rose to €24.9 billion

The first estimate for euro area exports of goods to the rest of the world in April 2015 was €173.6 billion, an increase of 9% compared with April 2014 (€159.6 bn). Imports from the rest of the world stood at €148.7 bn, a rise of 3% compared with April 2014 (€144.7 bn). As a result, the euro area recorded a €24.9 bn surplus in trade in goods with the rest of the world in April 2015, compared with +€14.9 in April 2014. Analysts were predicting smaller surplus of €20.3 billion. Intra-euro area trade rose to €141.0 bn in April 2015, up by 2% compared with April 2014.  Read more...

Euro area inflation increased for the first time in five months

Euro area annual inflation is expected to be 0.3% in May 2015, up from 0.0% in April, according to a flash estimate from Eurostat. Analysts were anticipating increase to 0.2%. This is the first time, after five months that Eurozone inflation recovered from deflation area, indicating that ECB monetary measures are showing real results.
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Eurozone Industrial Production up by 0.1%

In October 2014 compared with September 2014, seasonally adjusted industrial production rose by 0.1% in euro area, missing market expectations on 0.2% increase. This followed 0.5% increase in September. In October 2014 compared with October 20134, industrial production increased by 0.7%

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