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Financial News: European Economics Preview: UK Inflation Data Due

European Economics Preview: UK Inflation Data Due

09/19/2018 - 01:09:00 (RTTNews)

(RTTNews) - Consumer and producer prices from the UK and current account from euro area are due on Wednesday, headlining a light day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs is slated to release economic forecast of Swiss federal government's expert group.

At 2.00 am ET, the European Automobile Manufacturers Association releases new car registrations figures for both July and August.

At 4.00 am ET, the European Central Bank publishes euro area current account data for July. The current account surplus totaled EUR 23.5 billion in June.

In the meantime, industrial production and producer prices are due from Poland. Economists forecast industrial output to climb 1.2 percent on month in August, in contrast to a 5.4 percent fall in July. Producer price inflation is seen easing to 2.9 percent from 3.4 percent in July.

At 4.30 am ET, the Office for National Statistics is scheduled to issue UK consumer and factory gate prices for August. Inflation is forecast to ease to 2.4 percent from 2.5 percent in July.

UK output price inflation is seen at 2.9 percent versus 3.1 percent in July. Similarly, input price inflation is expected to ease to 9.1 percent from 10.9 percent a month ago.

At 5.00 am ET, Eurostat releases euro area construction output figures for July.

At 9.00 am ET, European Central Bank President Mario Draghi is set to speak at an event entitled "Making Europe's Economic Union work" in Berlin, Germany.

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