Tuesday, 20 March 2012

European Economics Preview: UK Inflation Data Due

Inflation data from the UK and industrial production figures from Switzerland are the main European economics news due on Tuesday.
At 3 am ET, Germany's Federal Statistical Office is expected to publish producer price figures for February. Economists forecast a 3.2 percent rise in prices compared to 3.4 percent increase in January. Unemployment figures from Finland is also due at the same time.
Hungarian Central Statistical Office is slated to release the January gross earnings figures at 4 am ET. Swiss industrial production is due at 4.15 am ET. Production is forecast to fall 2 percent year-on-year in the fourth quarter, but is expected to grow 2.6 percent compared to the previous quarter.
At 4.30 am ET, Statistics Netherlands is scheduled to release the consumer confidence data for this month. Confidence index is expected to remain almost unchanged from previous month's level.
At 5.30 am ET, the Office for National Statistics is expected to publish the consumer price index for February. CPI is forecast to rise 3.3 percent, slower than 3.6 percent in the previous month. The core inflation rate is seen easing to 2.3 percent.
At 5 30 am ET, the Spanish Treasury is set to auction 12 and 18 month Treasury Bills. The sale is having a target of EUR 4.5 -5.5 billion.
Elsewhere, Greece is set to auction 13-week T-Bills with maturity June 22. The amount to be raised is EUR 1 billion. The European Financial Stability Facility successfully raised EUR 1.5 billion from its inaugural 20-year bond sale on Monday.
The Confederation of British Industry is slated to release its industrial trends survey for the month of March at 7 am ET. Further, the Polish central bank is expected to announce the core consumer price figures for February at 9 am ET.

No comments:

Post a Comment

Visit us