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5:59 GMT
15
Oct 2008

European Economics Preview: German, Eurozone Inflation Data Due

(RTTNews) - The German and Eurozone inflation data are due on Wednesday. In UK, the labor market statistics are expected to be released.

At 2.00am ET, the Federal Statistical Office is set to release the final report for German consumer price inflation. According to initial estimate, annual inflation in Germany slowed to 2.9% in September from 3.1% in August. On a monthly basis, the CPI decreased 0.1%, after falling 0.3% in August.

In the meantime, the Finnish turnover data for August is due. In July, Finnish retail trade sales were up 7.1% annually.

Thereafter, Czech retail sales and Slovak HICP inflation are due from the Czech Statistical Office and the Statistical Office of the Slovak Republic, respectively. Czech retail sales are predicted to remain flat in August after rising 3.6% in July. Slovak HICP annual inflation is forecast to rise slightly to 4.5% in September from 4.4% in the prior month.

At the same time, the Hungarian Central Statistical Office is slated to release a final report for August’s industrial production.

At 3.30am ET, the Swedish central bank is scheduled to issue the minutes of the emergency meeting held on October 8.

Afterwards, the Office for National Statistics is expected to issue the UK labor market statistics at 4.30am ET. The claimant count rate is forecast to rise to 2.9% in September from 2.8% in August. The number of people claiming Jobseeker’s Allowance benefit is estimated to increase 36,000 in September. Further, the jobless rate is seen at 5.6% in August, up from 5.5% in July.

Half an hour later, a final report for Eurozone consumer price inflation is due from the Eurostat. According to the flash estimate released on September 30, Eurozone annual inflation was 3.6% in September, eased from August’s 3.8%.

At 8.00am ET, the Norges Bank is set to announce its interest rate decision. The Polish wage data is also due at the same time. The Polish wage growth is seen at 11.2% annually in September, up from 9.7% in August.

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Posted in Categories: Economy, Eurozone, Forex, Releases, Stocks, UK.

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