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Saturday, September 12, 2009

European Economics Preview: UK External Trade Data Due

Wednesday, UK’s external trade data is due.

At 2.00am ET, Germany’s Federal Statistical Office is set to issue a final report for August CPI. According to preliminary estimate, consumer prices remained unchanged on an annual basis in August. The statistical office is expected to confirm the initial estimate.

At 3.00am ET, the Czech CPI and Hungarian trade balance reports are due. Czech annual inflation is forecast to stay at 0.3% in August.

Half an hour later, the Statistics Sweden is scheduled to issue industrial orders and industrial production reports for July. After declining 20.8% annually in June, industrial output is expected to fall 21.2% in July.

At 4.30am ET, UK’s Office for National Statistics is scheduled to issue external trade data. The visible trade deficit is seen at GBP 6.25 billion in July, smaller than the GBP 6.45 billion in June. Meanwhile, total trade deficit is expected to fall to GBP 2 billion from GBP 2.17 billion in June.

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