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Financial News: European Economics Preview: UK Inflation Data Due

European Economics Preview: UK Inflation Data Due

05/23/2018 - 01:35:00 (RTTNews)

(RTTNews) - Consumer prices from the UK and flash Purchasing Managers' survey data from euro area are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, unemployment data is due from Finland.

At 3.00 am ET, IHS Markit publishes France's PMI data. The composite index is seen falling to 56.8 in May from 56.9 in April.

In the meantime, consumer confidence from Turkey and average gross wages from March are due.

Half an hour later, Germany's flash PMI data is due. The composite index is forecast to remain unchanged at 54.6 in May.

At 4.00 am ET, IHS Markit is set to release Eurozone flash PMI data. The composite index is seen at 55.1 in May, unchanged from April.

At 4.30 am ET, the Office for National Statistics releases UK consumer and producer prices for April. Inflation is forecast to remain unchanged at 2.5 percent.

At the same time, UK output price inflation is expected to ease slightly to 2.3 percent in April from 2.4 percent in March and input price inflation to rise to 5.9 percent from 4.2 percent a month ago.

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