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Financial News: European Economics Preview: Germany Inflation, Unemploymen

European Economics Preview: Germany Inflation, Unemployment Data Due

01/02/2020 - 23:26:00 (RTTNews)

(RTTNews) - Consumer prices and unemployment reports from Germany are due on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, UK Nationwide house price data is due. House prices are expected to grow 1.4 percent on year in December after climbing 0.8 percent in November.

Also, consumer and producer prices from Turkey and unemployment from Norway are due. Consumer price inflation is expected to rise to 11.56 percent in December from 10.56 percent in November.

At 2.45 am ET, France preliminary inflation data for December is due. EU harmonized inflation is seen at 1.4 percent versus 1.2 percent in November.

At 3.55 am ET, the Federal Employment Agency is slated to publish German unemployment data. The number of people out of work is expected to rise by 2,000 in December after falling 16,000 in November.

At 4.00 am ET, the European Central Bank publishes money supply data for November.

Half an hour later, the UK mortgage approvals data from the Bank of England is due. The number of mortgages approved in November is seen at 64,450 versus 64,600 in October.

In the meantime, the UK Markit/CIPS construction PMI data is due. Economists forecast the PMI to rise to 45.8 in December from 45.3 in November.

At 8.00 am ET, Destatis is scheduled to issue Germany's flash inflation data for December. Inflation is forecast to rise to 1.4 percent from 1.1 percent in November.

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