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European Economics Preview: EZ Industrial Output, UK Foreign Trade Data Due


Industrial production figures from Eurozone and foreign trade data from the UK and are the major European economic news due on Thursday.

At 1.30 am ET, the French statistical office is slated to release the inflation data for the month of March. Economists forecast inflation, based on the harmonized index of consumer prices, to ease to 2.3 percent from February's 2.5 percent.

Current account data from Bank of France is expected at 2.45 am ET. At 3.30 am ET, Dutch retail sales figures are due.

Statistics Sweden is scheduled to publish inflation data for the month of March at 3.30 am ET. Economists expect a 1.5 percent annual increase in the consumer price index, while underlying CPI is forecast to rise 1 percent.

The European Central Bank's monthly bulletin is scheduled to be released at 4 am ET. The bulletin's editorial reflects the Governing Council's monthly assessment of the economy and inflationary threats. Czech National Bank is expected to release the February current account data at the same time.

At 4.30 am ET, the Office for National Statistics is expected to release the UK's foreign trade numbers for February. Economists forecast the visible trade balance to post a slightly higher deficit of GBP7.65 billion.

Eurozone industrial production figures from Eurostat are due at 5 am ET. Production rose 0.2 percent month-on-month in January but is expected to fall 0.3 percent in February. Greek unemployment and Portugal inflation are also expected at 5 am ET.

Italy plans to raise a maximum of EUR 7 billion from BTP auction. The auction result is due at 5.10 am ET.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

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