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European Economics Preview: U.K. PPI, Eurozone GDP Outlook Reports Due


Economic forecast for Eurozone and producer prices from U.K. are the major statistical reports due on Friday.

Destatis is slated to release German final consumer price data for April. According to preliminary estimate, EU harmonized inflation slowed to 2.2 percent from 2.3 percent in March.

Spain's final inflation data is due at 3.00 am ET. The statistical office is expected to confirm the 2 percent harmonized inflation estimate for April. Hungary's consumer price figures are also due at 3.00 am ET. Economists forecast annual inflation to slow slightly to 5.4 percent from 5.5 percent in March.

In the meantime, Turkey's current account figures for March are due. The deficit is expected to widen to $6.1 billion from $4.2 billion in February.

At 4.30 am ET, the Office for National Statistics is scheduled to release U.K. producer price data for April. Input price annual inflation is seen easing sharply to 2.1 percent annually from 5.8 percent in March. Likewise, output price inflation is forecast to drop to 2.9 percent from 3.6 percent.

At 5.00 am ET, the European Commission is set to publish spring economic forecast for 2012-2013 for Gross Domestic Product, inflation, employment and public finances.

by RTTNews Staff Writer

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