Recent economic data reveals significant movements in the Eurozone's financial landscape. The Norwegian mainland GDP experienced a growth of 0.4% month-over-month, surpassing forecasts of 0% and improving from the previous -0.1%. In terms of trade, the Eurozone's trade balance for January showed a substantial increase to €28.1 billion, up from the previous €13 billion, indicating a stronger-than-expected trade performance. Additionally, the Eurozone's Consumer Price Index (CPI) for February indicates inflation dynamics, with a month-over-month increase of 0.6%, aligning with estimates and marking a recovery from the previous -0.4%. The year-over-year CPI was reported at 2.6%, slightly down from 2.8%, while the core CPI, excluding energy and food, rose to 3.1% from 3.3% on a year-over-year basis. Notably, the Eurozone's trade balance NSA for January was €11.4B, down from the previous €16.8B.
EUROZONE HICP EX ENERGY AND FOOD (MOM) (FEB) ACTUAL: 0.6% VS -0.6% PREVIOUS; EST 0.6% EUROZONE HICP EX ENERGY & FOOD (YOY) (FEB) ACTUAL: 3.3% VS 3.6% PREVIOUS; EST 3.3%
EUROZONE TRADE BALANCE (JAN) ACTUAL: 11.4B VS 16.8B PREVIOUS
🔴 EUROZONE TRADE BALANCE JANUARY 2024 FULL REPORT https://t.co/TBUyVDQ5tW
🔴 EUROZONE TRADE BALANCE ACTUAL 28.1B (FORECAST -, PREVIOUS 13B) $MACRO
🔴 EUROZONE CPI FEBRUARY 2024 FULL REPORT https://t.co/lfpBp6pCTs
🔴 EUROZONE TRADE BALANCE NSA ACTUAL 11.4B (FORECAST -, PREVIOUS 16.8B) $MACRO
❖ EUROZONE CPI (MOM) (FEB) ACTUAL: 0.6% VS -0.4% PREVIOUS; EST 0.6% ❖ EUROZONE CPI (YOY) (FEB) ACTUAL: 2.6% VS 2.8% PREVIOUS; EST 2.6% ❖ EUROZONE CORE CPI (MOM) (FEB) ACTUAL: 0.7% VS -0.9% PREVIOUS; EST 0.7% ❖ EUROZONE CORE CPI (YOY) (FEB) ACTUAL: 3.1% VS 3.3% PREVIOUS;…
💶 Balance of Trade (Jan) Actual: €11.4B Previous: €16.8B https://t.co/kHiOpjsPha
Heads Up:💶 Balance of Trade (Jan) due at 10:00 GMT (15min) Previous: €16.8B https://t.co/kHiOpjsPha
Heads Up:🇪🇸 Balance of Trade (Jan) due at 09:00 GMT (15min) Previous: €-3.4B https://t.co/kHiOpjsPha
🔴 NORWEGIAN MAINLAND GDP MOM ACTUAL 0.4% (FORECAST 0%, PREVIOUS -0.1%) $MACRO