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European Economics Preview: U.K. Producer Price Data Due


Producer prices from the U.K. and final inflation from Germany are the major statistical reports due on Friday, headlining a light day for the European economic news.

The Federal Statistical Office is set to release final Germany inflation data at 2.00 am ET. According to preliminary data, the harmonized index of consumer prices increased 2.3 percent on an annual basis in March, slower than the 2.5 percent growth seen in February.

In the meantime, Statistics Finland is scheduled to publish consumer price figures for March. In February, annual inflation slowed to 3.1 percent from 3.2 percent in January.

At 3.00 am ET, final inflation figures from Spain and industrial production from Hungary are due. Flash estimate published on March 29 showed that EU harmonized inflation in Spain fell to 1.8 percent in March from 1.9 percent.

Half an hour later, Dutch trade figures for February are due.

At 4.00 am ET, Italy's statistical office is slated to release industrial production for February. Economists forecast production to drop 0.5 percent month-on-month after easing 2.5 percent in January.

At 4.30 am ET, U.K. producer price data is due from the Office for National Statistics. Input price inflation is seen easing to 4.8 percent in March from 7.3 percent in February. At the same time, output price inflation is seen at 3.5 percent, down from 4.1 percent in the previous month.

Italy's final inflation figures are due from the statistical office Istat at 5.00 am ET. According to preliminary estimate, inflation, measured by the harmonized index of consumer prices, rose to 3.8 percent in March from 3.4 percent in February.

by RTTNews Staff Writer

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