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European Economics Preview: Eurozone Final Inflation Data Due

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

Final inflation and foreign trade figures from euro area are due on Friday, headlining a light day for the European economic news.

At 2.45 am ET, the French statistical office Insee publishes manufacturing confidence data. The confidence index is seen unchanged at 103 in December.

At 3.00 am ET, the Czech Statistical Office is scheduled to issue producer and import prices. Producer prices are expected to drop at a slower pace of 1.1 percent in November after falling 1.7 percent in October.

At 5.00 am ET, Eurostat releases Eurozone final inflation data. Inflation is expected to remain at initially estimated 0.6 percent in November.

Eurozone foreign trade data is also due at 5.00. The trade surplus is forecast to fall slightly to a seasonally adjusted EUR 24.5 billion in October from EUR 24.9 billion in September.

At 5.30 am ET, Russia's central bank announces its interest rate decision. Economists forecast the bank to keep its key rate unchanged at 10.00 percent.

Half an hour later, the U.K. industrial trends survey data is due from the Confederation of British Industry. The industrial order balance is forecast to fall to -5 percent in December from -3 percent in November.

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