Friday, 10 February 2012

European Economics Preview: U.K. Producer Price Data Due

Producer prices from the U.K. and industrial production from France are due on Friday, headlining a hectic day for the European economic news.


The Federal Statistical Office is scheduled to release German final consumer price figures at 2.00 am ET. According to preliminary estimate, EU harmonized inflation remained unchanged at 2.3 percent in January. The statistical office is expected to confirm the initial estimate.

At 2.45 am ET, the French statistical office Istat is set to publish industrial output data for December. Economists expect industrial output to fall 0.7 percent month-on-month in December after rising 1.1 percent in November. Manufacturing output is seen falling by 1 percent.

Danish inflation data is due from Statistics Denmark at 3.00 am ET. Annual inflation is forecast to rise to 2.6 percent in January from 2.5 percent in December. On a monthly basis, consumer prices are expected to grow 0.2 percent.

Switzerland's Federal Statistical Office is set to publish January consumer price figures at 3.15 am ET. Consumer prices are forecast to drop 0.8 percent annually compared to a 0.7 percent drop in December.

At 3.30 am ET, Sweden's industrial orders and production figures for December are due. After easing 1.9 percent in November, industrial output is expected to fall 1 percent in December.

Italy's industrial production and Norway's consumer and producer prices are due at 4.00 am ET. Italian industrial output is forecast to drop 0.5 percent on a monthly basis in December, following November's 0.3 percent rise.

The Office for National Statistics is set to issue U.K. producer price data at 4.30 am ET. Output price inflation is seen falling to 3.7 percent annually in January from 4.8 percent in December. At the same time, input price inflation is forecast to slow to 6.8 percent from 8.7 percent.

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