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European Economics Preview: UK Inflation, Public Sector Finance Data Due

preview sept26 21oct20 lt

Consumer and producer prices and public sector finances from the UK are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices and public sector net borrowing data for September. Inflation is forecast to rise to 0.5 percent from 0.2 percent in August.

UK output prices are expected to decline 0.9 percent annually in September, the same rate of decrease as seen in August.

The UK budget deficit is seen at GBP 32.4 billion compared to a GBP 35.2 billion shortfall in August.

At 4.00 am ET, retail sales data is due from Poland. Economists forecast retail sales to rise 2.2 percent annually, faster than the 0.4 percent rise seen in August.

At 5.00 am ET, Greece current account data is due for August.

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