European Economic News

European Economics Preview: German Producer Price Data Due

Producer prices from Germany is the only major statistical report due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Federal Statistical Office is scheduled to release German producer prices for April. Producer price inflation is expected to slow to 2.5 percent annually in April from 3.3 percent in March. Month-on-month, producer prices are forecast to rise 0.3 percent.

At 3.00 am ET, Hungary's statistical office is set to publish average gross wages for March. On a yearly basis, average gross wages are forecast to climb 6.5 percent annually, following a 6.9 percent growth a month ago.

Italy's industrial orders data is due at 4.00 am ET. Orders are expected to grow 1 percent month-on-month in March, recovering from a 2.5 percent drop in February.

At 8.00 am ET, Poland's average gross wages are due. Average gross wages are forecast to fall 0.8 percent month-on-month in April after increasing 5.7 percent in March. On a yearly basis, growth is seen at 3.9 percent.

by RTTNews Staff Writer

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