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European Economics Preview: Eurozone Industrial Output, U.K. Jobless Data Due


Industrial production and inflation from Eurozone and labor market statistics from the U.K. are the major reports due on Wednesday.

Statistics Finland is set to publish inflation data for February at 3.00 am ET. Annual inflation rose to 3.2 percent in January from 2.9 percent in December.

Sweden's AMV jobless data is due at 5.00 am ET. The jobless rate is forecast to remain stable at 4.8 percent in February.

Half an hour later, the Office for National Statistics is slated to release U.K. claimant count and jobless figures. The claimant count is seen unchanged at 5 percent in February. During three months to January, the jobless rate is seen at 8.4 percent.

At 6.00 am ET, Eurostat is scheduled to issue final consumer price figures and industrial production data. Eurozone industrial production is forecast to rise 0.5 percent month-on-month in January, following a 1.2 percent drop in December.

February's inflation is seen at 2.7 percent, unchanged from the flash estimate, but up from 2.6 percent in January.

Italy plans to raise up to EUR 5 billion from the sale of a new three-year BTP bond maturing in March 2015. Also, it targets to receive a maximum of EUR 1 billion from BTP bonds maturing on September 2019. The results are due at 6.10 am ET.

At 9.00 am ET, Norway's central bank is set to announce its interest rate decision. The rate is expected to remain unchanged at 1.75 percent.

In the meantime, Poland's money supply data is due. M3 money supply is seen rising 0.6 percent month-on-month in February after falling 0.8 percent in January.

by RTTNews Staff Writer

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