020 7898 0500The main release from the eurozone yesterday was the German balance of trade report which showed a trade surplus of €25.2 billion in March 2018 compared with the previous year’s figure of €25.1 billion. Exports fell by 1.8% from the previous year but imports fell by 2.3%.
The industrial production figures from Germany came in at 1% against an expectation of 0.8% and showed a healthy recovery from a 1.7% drop in February. Still, the euro continued its recent period of weakness and fell against sterling and the dollar. Fears that the European Central Bank will stay cautious throughout 2018 are weighing on the single currency.
Like the UK, data is pretty thin on the ground for the eurozone today. Any euro movements will likely be influenced by events elsewhere; it’s actually a very quiet week for the eurozone, with no major releases until next week.
