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Financial News: European Economics Preview: Germany's Inflation, Unemploym

European Economics Preview: Germany's Inflation, Unemployment Data Due

03/29/2018 - 01:34:00 (RTTNews)

(RTTNews) - Inflation and unemployment figures from Germany are due on Thursday, headlining a busy day for the European economic news.

At 2.00 am ET, UK Nationwide house price data is due. Economists forecast house prices to rise 2.6 percent on year in March, slower than the 2.2 percent rise seen in February.

At 3.00 am ET, producer price and foreign trade from Hungary and KOF leading index from Switzerland are due.

At 3.55 am ET, unemployment data from Germany is due. The number of unemployed is forecast to fall 15,000 in March after decreasing 22,000 in February.

At 4.00 am ET, Italy's Istat releases producer prices for February. Prices had advanced 1.8 percent year-on-year in January.

Half an hour later, the Bank of England is slated to release mortgage approvals data. The number of mortgages approved in February is seen at 66,000 versus 67,500 in January.

In the meantime, UK final GDP data for the fourth quarter is due. The statistical office had earlier estimated a sequential growth of 0.4 percent for the fourth quarter of 2017.

At 7.00 am ET, the Czech National Bank announces its interest rate decision. The bank is expected to keep its key rate at 0.75 percent.

At 8.00 am ET, Destatis publishes flash consumer prices for March. Germany's consumer price inflation is seen at 1.7 percent versus 1.4 percent in February.

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