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Financial News: European Economics Preview: UK Inflation Data Due

European Economics Preview: UK Inflation Data Due

10/16/2019 - 00:25:00 (RTTNews)

(RTTNews) - Consumer price data from the UK is due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the European Automobile Manufacturers' Association publishes monthly new car registration figures for September.

At 3.00 am ET, consumer prices from Austria and producer prices from the Czech Republic are due. The Czech producer price inflation is seen easing to 1.9 percent in September from 2.1 percent in August.

At 4.00 am ET, Italy's industrial new orders figures are due from the statistical office Istat. Orders are forecast to grow 1.9 percent on month in August, in contrast to a 2.9 percent fall in July.

At 4.30 am ET, the Office for National Statistics releases UK inflation and producer prices for September. Inflation is expected to rise slightly to 1.8 percent from 1.7 percent in August.

Economists forecast output price inflation to slow to 1.3 percent from 1.6 percent a month ago.

At 5.00 am ET, Eurostat publishes euro area final consumer prices and foreign trade figures. Economists expect inflation to ease to 0.9 percent, as initially estimated, from 1 percent in August.

The euro area trade surplus is seen at EUR 18 billion in August compared to EUR 19 billion in July.

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