European Economics Preview: Hectic Start To The Week

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A slew of statistical reports are set for release at the start of the week.

At 2:00 am ET, Germany's Federal Statistical Office releases the wholesale price index for September. The index is expected to rise 0.2% sequentially, slower than the 0.6% rise in the previous month.

The Estonian statistical office is set to release the preliminary foreign trade data for August at 2.00 am ET. In July, the trade deficit stood at EEK 1.4 billion, widening from EEK 553 million in June.

At 3:00 am ET, the Czech statistical office is scheduled to release preliminary industrial output data for August. Industrial production was down 18.2% year-on-year in July. Simultaneously, the statistical office also releases August's construction output data. Output slipped 4.4% annually in July.

The Slovakian statistical agency is also expected to release foreign trade data for August at 3.00 am ET. The trade surplus stood at EUR49.4 million in July, in contrast to a deficit of EUR34.8 million in the preceding month. The agency is also set to publish the inflation data for September. The CPI rose 1.3% year-on-year in August, slower than the 1.7% growth recorded in the previous month.

Romania's National Institute of Statistics is set to release the consumer price inflation data for September at 3:00 am ET. Consumer prices had decreased 0.2% on month, but increased 5% on year in the preceding month. Economists expect annual inflation to ease to 4.9%. Romania's trade figures for August are released at the same time. The trade deficit stood at EUR 0.5 billion in July, narrowing from a deficit of EUR 0.7 billion in June.

Also due at the same time is Turkey's capacity utilization index for September. The index posted a reading of 69.7 in August. Economists expect the reading to rise to 72.3 in September.

At 3:30 am ET, Statistics Denmark releases September's consumer price index numbers. In the previous month, prices had increased by 0.3% on a monthly basis and by 1.1% on a yearly basis. The statistical agency also announces the Harmonized Index of Consumer Prices for September. The index was up 0.3% on a monthly and 0.7% on a yearly basis in August.

At 4:00 am ET, trade figures from Bulgaria for August is set to be released. The trade balance showed a deficit of EUR1 billion last month. Simultaneously, the Czech Republic releases its current account data for August. The current account deficit is expected to surge to EUR 11 billion from EUR 3.06 billion in July. The Swedish labor agency also releases unemployment figures for September at 4:00 am ET, with last month's unemployment rate at 5.4%. Economists expect the rate to remain unchanged.

An hour later, Cyprus releases trade data for August, with a deficit of EUR 363.94 million recorded in the preceding month. That was narrower than the EUR 390.42 million deficit in June.

The Latvian statistical agency is set to publish the foreign trade data for August at 6 am ET. The trade deficit stood at LVL 95.7 million in July, widening from LVL 67.2 million deficit in June

Unemployment data for September is due from Iceland's Directorate of Labor at 8:00 am ET, with the unemployment rate at 7.7% in August. Also due at the same time, is current account data from Poland for August. The current account is forecast to log a deficit of EUR 48 million.

At 11:00 am ET, Turkey is expected to releases its current account balance for August. Last month, there was a current account surplus of $300 million. Economists are looking for a deficit of $200 million.

A slew of statistical reports are set for release at the start of the week. (Market News Provided by RTTNews)