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Financial News: European Economics Preview: UK Inflation Data Due

European Economics Preview: UK Inflation Data Due

08/19/2020 - 00:08:00 (RTTNews)

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

At 2.00 am ET, the Office for National Statistics is set to issue UK consumer and producer prices for July. Inflation is forecast to remain unchanged at 0.6 percent. Output prices are expected to drop 0.9 percent on year, following a 0.8 percent drop in June.

In the meantime, Germany's wholesale prices are due for July. Prices had declined 3.3 percent annually in June.

At 4.00 am ET, the European Central Bank is set to publish euro area current account data for June. The surplus had totaled EUR 8 billion in May.

At 5.00 am ET, Eurostat releases euro area final consumer prices for July. Inflation is seen at 0.4 percent in July, unchanged from flash estimate, but down from 0.3 percent in June.

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