Eurozone unemployment rate dropped to 8.3% in November, down from 8.4%, better than expectation of 8.5%. EU employment also dropped to 7.5%, down from 7.6%. Eurostat estimates that 15.933 million men and women in the EU, of whom 13.609 million in the euro area, were unemployed in November.
Released earlier today, Germany industrial production rose 0.9% mom in November, versus expectation of 0.7% mom. Trade surplus narrowed to EUR 16.4B, smaller than expectation of EUR 18.5B.
From France, industrial output dropped -0.9% mom in November, versus expectation of -1.2% mom. Consumer spending dropped -18.9% mom, versus expectation of -15.0%. Trade deficit narrowed to EUR -3.6B in November, versus expectation of EUR -4.5B.
From Swiss, foreign currency reserves rose to CHF 891B in December.
