European Economics Preview: France CPI, Consumer Spending Data Due
February 27 2017 - 7:56PM
RTTF2
Flash consumer prices, household spending and revised quarterly
national accounts figures from France are due on Tuesday,
headlining a busy day for the European economic news. At 2.00 am
ET, foreign trade data from Turkey and credit growth from Norway
are due. Turkey's trade deficit is seen narrowing to $4.15 billion
in January from $5.6 billion in December.
At 2.45 am ET, the French statistical office Insee is slated to
issue flash consumer prices, producer prices, household spending
and revised GDP reports.
France's inflation is forecast to rise to 1.5 percent in
February from 1.3 percent in January. Consumer spending is forecast
to grow 0.6 percent on month in January, reversing a 0.8 percent
fall in December.
According to preliminary estimate, the economy had expanded 0.4
percent sequentially in the fourth quarter. The Insee is expected
to confirm the preliminary estimate.
At 3.00 am ET, producer prices from the Czech Republic and
Hungary are due. The Swiss KOF leading indicator figure is also
due. The Czech producer prices are forecast to grow 1.5 percent
annually in January.
At 3.30 am ET, Statistics Sweden publishes GDP, retail sales and
producer prices reports. The economy is forecast to grow 2.3
percent annually in the fourth quarter, following a 2.8 percent
expansion in the third quarter.
At 5.00 am ET, Italy's preliminary CPI figures are due.
Inflation is forecast to rise to 1.3 percent in February from 1
percent in January.
At 8.00 am ET, Hungary's central bank is set to announce its
interest rate decision. The bank is expected to keep its base rate
at 0.9 percent.
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