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European Economics Preview: UK Public Sector Finance Data Due

preview march20 lt

Public sector finance data from the UK is due on Friday, headlining a light day for the European economic news.

At 3.00 am ET, Destatis is scheduled to issue Germany's producer prices for February. Economists forecast producer prices to rise 0.2 percent on year, the same rate as seen in January.

At 5.00 am ET, the European Central Bank is slated to publish euro area current account data for January. Economists forecast the current account surplus to fall sharply to EUR 20.5 billion from EUR 51.2 billion in December.

At 5.30 am ET, the Office for National Statistics releases UK public sector finance data. The budget balance is seen at GBP 0.85 billion in February compared to a surplus of GBP 10.54 billion in January.

In the meantime, Bank of England/TNS Inflation Attitudes survey results are due.

At 6.30 am ET, Russia's central bank is set to announce its rate decision. The bank is expected to hold its key rate at 6.00 percent.

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