Czech’s Trade data likely to post surplus in November

Temporary closures in the energy and chemicals sectors, particularly at the Dukovany nuclear power plant, affected the Czech's autumn industrial production figures.The markets were surprised when October Industrial Production posted an increase of 1.3% MoM beating all expectations. November figures are expected to post some correction, while YoY growth is likely to stay strong.

Unusually warm weather for the season supported the construction output and markets expect 2.7% YoY growth in November after witnessing a decline in October.

"A good performance by exports should ensure a positive external trade balance; we expect a surplus of CZK13.6bn, inflated by low commodity prices" - Societe Generale