(RTTNews) - Wednesday, a slew of statistical reports are due from European economies. Among the major reports, German foreign trade prices and Norwegian central bank’s rate decision are expected to dominate the scene.

Germany’s Federal Statistical Office is scheduled to issue September’s import price figures at 3:00 am ET. Import prices are expected to decline 10.7% year-on-year, slower than the 10.9% fall in the previous month. On a monthly basis, economists forecast import prices to decline 0.7%, in contrast to the 1.3% increase seen in August.

At 4:00 am ET, Spain’s National Statistics Institute is slated to release retail sales figures for September. Year-on-year, retail sales are expected to drop 3.3%, slower than the 4% decline in the previous month.

Simultaneously, the Statistical Office of the Slovak Republic is scheduled to issue producer price figures for September. Last month, producer prices had declined 7.9% on a yearly basis.

Sweden’s consumer confidence data is due from the National Institute of Economic Research at 4:15 am ET. In October, consumer sentiment is forecast to rise to 6 from 5.6 in the prior month. At the same time, the economic tendency index, which measures business and consumer confidence, is seen at 93 compared to 91 in September.

At 4:30 am ET, the Statistics Sweden is set to issue retail sales statistics for September. On a yearly basis, sales are predicted to grow an unadjusted 3% compared to the 1.2% increase in August. The monthly rate of growth is seen at a seasonally adjusted 0.5%, reversing the 2.1% decline in last month.

Elsewhere, the Italian business sentiment data is due from economic think tank ISAE. In October, the business sentiment index is expected to rise to 75.1 from 74 in the previous month.

At 5:00 am ET, the Statistics Iceland is scheduled to release consumer price figures for October. Last month, consumer prices soared 10.8% on a yearly basis and climbed 0.8% on a monthly basis.

In the meantime, unemployment data is due from Statistics Norway. The unemployment rate is seen at 3.1% for July to September.

At 9.00am ET, the Norwegian central bank is set to announce its interest rate decision. The Executive Board of the Norges Bank is expected to raise the interest rate by 25 basis points to 1.5%.

The Polish central bank’s interest rate decision is also due today. The National Bank of Poland is widely expected to keep the key interest rate unchanged at 3.5%.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2009 RTTNews.com, Inc. All Rights Reserved

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

Subscribe by RSS Subscribe by Email