Producer price index. Germany, 08:00 (GMT+2) 20 Aug

20Aug.202407:00

Producer price index. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2), the July producer price index is due in Germany, the main indicator of the inflation rate in the country, reflecting the monthly change in prices for goods and services provided by manufacturers, and has a significant impact on the decisions of the European Central Bank (ECB) in the field of monetary policy. It may stay at 0.2% MoM and at –1.6% YoY, putting pressure on the euro.

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20 Aug. 2024 07:00

Trade balance. Switzerland, 08:00 (GMT+2)

At 08:00 (GMT+2), the July data on the trade balance in Switzerland is due. This indicator records the difference between the payments for exported and imported goods. It may fall from 6.180B francs to 5.440B francs, putting pressure on the national currency.

20 Aug. 2024 10:00

Consumer price index. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), the July data on the consumer price index of the EU countries is due. It is the main indicator of the inflation rate and determines the change in retail prices for a certain basket of goods and services: food, transport, utilities, healthcare, etc. has a significant impact on the decision of the European Central Bank (ECB) in the field of monetary policy. It may fall from 0.2% to 0.0% MoM and rise from 2.5% to 2.6% YoY, while the core value from 0.4% to –0.2% MoM and remain at 2.9% YoY.

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