Forex Free Download covering automatic forex robots, forex robots reviews, free automated forex, online trading software, brokers, forex trading ebooks. The purpose of this Blog is to provide you with sufficient information to make an informed decision before you come into live forex trading.

European Economics Preview: Eurozone Consumer Prices Forecast To Rise

Sponsored Links

Eurozone consumer prices and mortgage approvals data from the United Kingdom are due on Monday, headlining a hectic day for European economic news.

At 2:45 am ET, the French statistical office INSEE is set to release producer price figures for October. The producer price index is expected to drop 7.3% year-on-year in October, slower than the 8.1% decline in the previous month. On a monthly basis, producer prices are forecast to grow 0.2%, rebounding from the 0.3% decrease last month.

Industrial production data is due from the Czech Statistical Office at 3:00 am ET. Year-on-year, industrial output is forecast to plunge 8% in October, after the 11.9% decline in the prior month.

Elsewhere, Hungary's Central Statistical Office is slated to release producer price figures for October. Economists expect the producer price index to fall 0.1% annually in contrast to the 3.4% growth in the previous month.

Third quarter's GDP results are due from the Polish statistical office at 3:00 am ET. The GDP is forecast to rise 1.6% year-on-year in the third quarter, compared to the 1.1% increase in the second quarter.

The current account balance for September is due from the Bank of Spain at 3:30 am ET. The current account balance had registered a deficit of EUR 3.19 billion in August.

At 4:00 am ET, the Statistics Norway is expected to issue retail sales figures for October. Sales are tipped to rise 1.9% annually, after the 2% increase last month. The statistical agency is also set to release C2 credit growth indicator data for October, with the credit growth rate seen at 5.3% year-on-year, slower than the 5.5% increase in the previous month.

In the meantime, producer price data for October is due from the Italian statistical office ISTAT. In September, producer prices had dropped 6.9% on a yearly basis and by 0.3% on a monthly basis.

The Statistics Iceland is expected to release October's trade data at 4:00 am ET. Lasy month, the trade balance logged a surplus of ISK 16.4 billion. Also, Czech money supply data for October is due from the central bank.

At 4:30 am ET, the Bank of England is scheduled to issue mortgage approvals statistics for October. Mortgage approvals are forecast to rise to 57,500 from 56,200. Net lending secured on dwelling is expected to increase GBP 0.9 billion, the same as last month. Meanwhile, net consumer credit is expected to fall GBP 0.2 billion, compared to September's GBP 0.3 billion decline. Final money supply data for October is also due from the central bank.

The U.K.'s Building Societies Association is also expected to release its mortgage approvals data for October at 4:30 am ET.

Elsewhere, consumer price data for November is due from the Statistical Service of the Republic Slovenia. Third quarter's GDP results are also due from the statistical office at the same time.

At 5:00 am ET, Eurozone flash HICP estimate is due from Eurostat. Economists expect the HICP to rise 0.5% year-on-year in November, rebounding from the 0.1% decrease in the previous month.

Consumer price figures are due from Italy at 5:00 am ET. Year-over-year, the consumer price index is tipped to rise 0.8% in November, faster than the 0.3% growth in the preceding month. Harmonized consumer prices are also expected to rise 0.8% on year.

Eurozone consumer prices and mortgage approvals data from the United Kingdom are due on Monday, headlining a hectic day for European economic news. (Market News Provided by RTTNews)

0 komentar:

Post a Comment