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European Economics Preview: German Wholesale Price Data Due


Germany's wholesale price report is due on Wednesday, headlining a light day for the European economic news.

Germany's Federal Statistical Office is set to release wholesale price data for March at 2.00 am ET. Wholesale price annual inflation slowed to 2.6 percent in February from 3 percent in January.

At 3.00 am ET, Spain's statistical office INE is scheduled to issue industrial production figures for February. Production was down 4.2 percent annually in January.

In the meantime, Hungary's inflation and Turkey's current account figures are due. Hungary's inflation is seen slowing to 5.5 percent in March from 5.9 percent in February. Turkey's current account deficit is forecast to fall to $4.7 billion in February from $6 billion in January.

At 4.00 am ET, Statistics Norway is slated to publish industrial output figures for February. Production rose 4.5 percent month-on-month in January.

At 5.00 am ET, Italy's 12-month and 3-month Treasury Bill auction results are due.

The German government aims to raise a maximum of EUR 5 billion from an auction of 10-year federal bonds. Results are due at 5.30 am ET.

by RTT Staff Writer

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