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European Economics Preview: German Foreign Trade Data Due

EEP 040913

Germany's foreign trade and U.K. industrial production are the major reports due on Tuesday, headlining a busy day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs is scheduled to release unemployment data for March. The seasonally adjusted jobless rate is expected to remain unchanged at 3.1 percent.

Destatis is slated to issue foreign trade figures at 2.00 am ET. German exports are forecast to drop 0.3 percent month-on-month in February, following a 1.4 percent rise in January.

At 2.30 am ET, French business confidence data is due. The index is seen at 95 in March, down from 96 in February.

French external trade figures are due at 2.45 am ET. Economists forecast the trade deficit to narrow to EUR 5.44 billion from EUR 5.86 billion in January.

At 3.00 am ET, the Czech Statistical Office is set to release inflation data for March. Annual inflation is seen unchanged at 1.7 percent.

At 3.15 am ET, Switzerland's consumer price figures are due. Consumer prices are expected to drop 0.5 percent year-on-year in March, compared to a 0.3 percent fall in February. Also, retail sales data is due.

Inflation and industrial output reports are due from Netherlands at 3.30 am ET. Annual inflation is expected to ease marginally to 2.9 percent in March from 3 percent in February. Industrial production is forecast to rise 2 percent on a monthly basis in February, reversing a 4.7 percent drop in January.

At 4.00 am ET, Italy's statistical office is scheduled to release hourly wages.

At 4.30 am ET, the Office for National Statistics is set to release U.K. industrial output and foreign trade figures. Economists forecast industrial output to rise 0.4 percent on a monthly basis in February after easing 1.2 percent in January.

The visible trade deficit is forecast to widen to GBP 8.6 billion in February from GBP 8.19 billion in January.

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