Plus   Neg

European Economics Preview: Eurozone Inflation Data Due


Consumer price inflation from Eurozone and retail sales from Germany are the major statistical reports due on Friday.

At 2.00 am ET, the Federal Statistical Office is scheduled to publish German retail sales figures. Economists forecast sales to rise 0.1 percent annually and 1.1 percent month-on-month in February.

The French statistical office Insee is slated to release producer price figures at 2.45 am ET. Producer price annual inflation is seen falling to 4 percent in February from 4.2 percent in January.

At 3.00 am ET, a slew of statistical reports are due. Retail sales from Spain, producer prices from Hungary and trade balance from Turkey are due.

At 4.00 am ET, Italy's statistical office Istat is set to issue producer prices for February. Producer price inflation is forecast to slow slightly to 3.3 percent from 3.4 percent in January.

In the meantime, Norway's retail sales figures are due. Economists forecast retail sales to grow 2.7 percent year-on-year, after rising 6.7 percent in January.

Eurozone flash inflation data is due at 5.00 am ET. Inflation is seen slowing to 2.5 percent in March from 2.7 percent in February. In the meantime, Italian inflation data is also due.

Eurozone finance ministers are expected to meet today to decide upon the size of the bailout fund and to assess the situation in Spain. The Spanish government will present its 2012 budget today.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT