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European Economics Preview: German Ifo Business Confidence Forecast To Fall

European Economics Preview: German Ifo Business Confidence Forecast To Fall
4/20/2012 1:18 AM ET

Business confidence from Germany and retail sales from the U.K. are the major reports due on Friday.

At 2.00 am ET, the Federal Statistical Office is set to release German producer prices for March. Producer price inflation is seen easing to 3.1 percent in March from 3.2 percent in February. On a monthly basis, producer price inflation is seen at 0.4 percent.

Dutch consumer spending and consumer confidence are due from Statistics Netherlands at 3.30 am ET.

The Munich-based Ifo institute is slated to publish German business confidence survey results at 4.00 am ET. The business sentiment index is seen easing to 109.5 in April from 109.8 a month ago. The current assessment index is expected to fall to 117.

Half an hour later, U.K. retail sales figures are due. Economists forecast retail sales to rise 0.4 percent month-on-month in March after easing 0.8 percent in February.

Poland's net consumer price inflation data is due at 8.00 am ET. Annual inflation is seen falling to 2.5 percent in March from 2.6 percent in February.

by RTT Staff Writer

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