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Financial News: European Economics Preview: UK Inflation Data Due

European Economics Preview: UK Inflation Data Due

03/21/2017 - 00:41:00 (RTTNews)

(RTTNews) - Consumer and producer prices and public sector finance reports from the UK are due on Tuesday, headlining a light day for the European economic news.

At 3.00 am ET, Switzerland's foreign trade data is due for February. The trade surplus totaled CHF 4.73 billion in January.

In the meantime, Statistics Finland publishes unemployment data. The jobless rate stood at 9.2 percent in January.

At 5.30 am ET, the Office for National Statistics is set to issue UK consumer and producer prices for February. Inflation is forecast to accelerate to 2.1 percent from 1.8 percent in January.

Economists forecast UK output prices to rise 3.7 percent annually, following a 3.5 percent rise a month ago. The budget balance is seen at GBP 3.2 billion compared to a shortfall of GBP 9.4 billion in January.

At 7.00 am ET, the Confederation of British Industry is set to issue Industrial Trends survey results. The order book balance is seen falling to 5 percent in March from 8 percent in February.

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