European Economic News

European Economics Preview: Eurozone Industrial Output Data Due

Industrial production from Eurozone and monthly bulletin from the European Central Bank are the major reports due on Thursday.

At 1.30 am ET, the French statistical office Insee is slated to release annual inflation data for June. Annual inflation is seen falling to 1.9 percent in June from 2 percent in May. EU harmonized inflation is forecast to fall to 2.2 percent from 2.3 percent.

At 2.00 am ET, Destatis is scheduled to publish German wholesale price data for June. Wholesale prices were down 1.7 percent year-on-year in May.

Dutch retail trade and trade balance figures are due at 3.30 am ET. In the meantime, Sweden's average consumer price data is also due.

Half an hour later, the European Central Bank is set to issue monthly bulletin. The bank last week lowered its main refi rate by 25 basis points to 0.75 percent.

At 5.00 am ET, Eurostat is scheduled to release industrial output for May. On a monthly basis, Eurozone output is expected to remain flat after falling 1.1 percent in April. Annually, production is forecast to fall 3.2 percent.

In the meantime, results of Italy's debt auction are due. The government aims to raise about EUR 7.5 billion from 12-month BOT auction.

by RTTNews Staff Writer

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