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Economy And The Numbers

European Economics Preview: UK Industrial Output, Trade Data Due

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Industrial production and external trade figures from the U.K. are due on Tuesday, headlining a light day for the European economic news.

At 3.00 am ET, Destatis is scheduled to publish Germany's consumer and wholesale prices reports. The preliminary data showed that consumer price inflation in February was 1.8 percent. Wholesale price inflation is seen slowing to 1.6 percent in February from 2.3 percent in January.

The French current account figures for January are due at 3.45 am ET. The deficit totaled EUR 3.6 billion in December.

At 4.00 am ET, Hungary's statistical office is scheduled to issue consumer prices for February. Annual inflation is expected to ease to 3.1 percent from 3.7 percent in January. Turkey's current account report is also due.

Half an hour later, Statistics Sweden is set to release consumer price figures for February. Economists forecast consumer prices to fall 0.2 percent year-on-year, after staying flat in January.

At 5.00 am ET, Italy's final CPI figures are due. Also, results of Spain's treasury bill auctions are due. The government targets to raise between EUR 4.5 billion and EUR 5.5 billion from the sale of 6- and 12-Treasury bills.

The Office for National Statistics is slated to issue U.K.'s industrial output and external trade figures at 5.30 am ET. Industrial output is forecast to rise 0.1 percent month-on-month in January, following a 1.1 percent rise in December.

The U.K. visible trade deficit is expected to rise to GBP 8.95 billion in January from GBP 8.89 billion in December.

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