Following an extremely positive day for eurozone economic data, yesterday was a little quieter, though no less impressive. The balance of trade for the eurozone was expected to jump from €15.5 billion to €25.1 billion, but the figure actually came in better than expected at €26.4 billion.
This is the highest surplus the eurozone has ever seen for the month of September and is a further sign that the eurozone’s economy is recovering. Coupled with the data from Tuesday, it has been a good week for the eurozone so far and one wonders whether 2017 will be the eurozone’s year.
Today we will get the inflation rate for the eurozone, as well as the French unemployment figures. The question is whether the recent positive run can continue.