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5:58 GMT
16
Sep 2009

European Economics Preview: UK Unemployment Data Due

(RTTNews) - Wednesday, UK’s labor market statistics and Eurozone CPI reports are due.

The Federal Statistical Office is slated to issue Switzerland’s retail sales data for July. Real retail sales had increased 0.9% year-on-year in June. Economists now expect sales to rise 0.7% in July.

Thereafter, the Italian statistical office ISTAT is slated to release a final data for August consumer prices at 4.00am ET. According to preliminary estimate, annual inflation was 0.2%. EU harmonized annual inflation was also 0.2% in August.

In the meantime, the Austrian CPI report is due.

Half an hour later, the British labor market statistics is due from the Office for National Statistics. The claimant count rate is seen at 5% in August, up from 4.9% in July. The number of people claiming Jobseeker’s Allowance benefit is expected to increase 25,000 in August. Meanwhile, the ILO jobless rate for three months to July is forecast to rise to 8%.

At 5.00am ET, the Eurostat is slated to release the final CPI data for August. The flash estimate showed a 0.2% fall in Eurozone consumer prices in August, following a record fall of 0.7% in July.

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

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