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European Economics Preview: Eurozone Industrial Output Data Due

European Economics Preview: Eurozone Industrial Output Data Due

Industrial production from Eurozone is the important statistical report due on Monday headlining a light day for the European economic news. The Spanish government is set to issue short-term debt at a higher cost.

At 2.00 am ET, the Federal Statistical Office is scheduled to release German wholesale prices for April. Wholesale price inflation is forecast to rise to 2.3 percent annually from 2.2 percent in March.

In the meantime, Finland's consumer prices are due from Statistics Finland. Consumer prices increased 2.9 percent year-on-year in March.

At 3.15 am ET, Switzerland's producer and import prices for April are due. Producer and import prices declined 2 percent on a yearly basis in March.

Spain aims to raise between EUR 2 billion and EUR 3 billion from 12-month and 18-month Treasury bill auction. Results of the auction are due at 4.30 am ET.

Eurostat is scheduled to publish industrial output data at 5.00 am ET. Eurozone industrial production is forecast to fall 1.1 percent year-on-year in March after easing 1.5 percent in February.

Italy's BTP auction results are due at 5.10 am ET. The government plans to raise a maximum of EUR 7 billion from the issue.

At 8.00 am ET, the Polish central bank is slated to release M3 money supply data for April.

Eurozone finance ministers will meet in Brussels later today. Ministers are likely to increase pressure on Greece to continue with austerity and structural measures.

by RTT Staff Writer

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