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Financial News: European Economics Preview: UK Inflation Data Due

European Economics Preview: UK Inflation Data Due

03/25/2020 - 00:36:00 (RTTNews)

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

At 3.00 am ET, unemployment data is due from Norway. The jobless rate is seen unchanged at 3.9 percent in January.

At 4.00 am ET, producer prices from Spain and industrial production from Austria are due.

Half an hour later, Statistics Sweden is slated to issue producer prices for February. Prices had fallen 0.4 percent on year in January.

At 5.30 am ET, the Office for National Statistics releases UK consumer and producer prices for February. Inflation is expected to slow marginally to 1.7 percent from 1.8 percent in January.

UK output prices are forecast to rise 0.9 percent on year in February, slower than the 1.1 percent rise in January.

At 7.00 am ET, the Confederation of British Industry publishes Distributive Trades survey data. The retail sales balance is seen at -12 percent in March versus +1 percent in February.

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