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European Economics Preview: UK Inflation Data Due

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Consumer and producer price data from the UK is due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, the Office for National Statistics is set to release UK consumer and producer prices for April. Inflation is forecast to ease to 0.9 percent from 1.5 percent in March.

UK output prices are expected to fall 0.4 percent annually after gaining 0.3 percent a month ago. At the same time, economists expect input prices to drop 8.7 percent following a 2.9 percent decrease in March.

At 3.00 am ET, producer prices from the Czech Republic and consumer confidence from Turkey are due. The Czech producer prices are forecast to fall 1.1 percent on year in April after rising 0.4 percent in March.

At 4.00 am ET, the European Central Bank is scheduled to issue euro area current account data for March. The current account surplus totaled seasonally adjusted EUR 40.2 billion in February.

At 5.00 am ET, Eurostat publishes euro area final consumer prices for April. Inflation is forecast to slow to 0.4 percent, as initially estimated, from 0.7 percent in March.

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