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Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news.At 2.00 am ET, the Office for National Statistics is set to publish UK consumer and producer prices for December. Inflation is seen rising to 0.5 percent from 0.3 percent in November. UK factory gate prices are expected to drop 0.6 percent on year in December, after easing 0.8 percent in November. Economists forecast input prices to climb 1 percent following a 0.5 percent drop a month ago. In the meantime, Destatis releases Germany's producer price figures for December. Economists forecast producer prices to fall 0.3 percent annually after easing 0.5 percent in November.At 3.00 am ET, consumer price figures are due from Austria. At 5.00 am ET, Eurostat publishes euro area final consumer price data for December. According to initial estimate, consumer prices dropped 0.3 percent year-on-year, the same as in November.The material has been provided by InstaForex Company - www.instaforex.com
Estonia Dec Producer Prices Up 0.7% On Month The material has been provided by InstaForex Company - www.instaforex.com
Estonia Dec Producer Prices Up 0.7% On Year The material has been provided by InstaForex Company - www.instaforex.com
Destatis releases Germany's producer price figures for December at 2.00 am ET Wednesday. Economists forecast producer prices to fall 0.3 percent annually after easing 0.5 percent in November.Ahead of the data, the euro traded mixed against its major rivals. While the euro held steady against the yen, it rose against the greenback and the franc. Against the pound, it fell.The euro was worth 126.05 against the yen, 1.0789 against the franc, 0.8895 against the pound and 1.2150 against the greenback as of 1:55 am ET.The material has been provided by InstaForex Company - www.instaforex.com
At 2.00 am ET Wednesday, the Office for National Statistics is set to publish UK consumer and producer prices for December. Inflation is seen rising to 0.5 percent from 0.3 percent in November.Ahead of the data, the pound advanced against its major counterparts. The pound was worth 141.68 against the yen, 1.2125 against the franc, 1.3654 against the greenback and 0.8897 against the euro at 1:55 am ET.The material has been provided by InstaForex Company - www.instaforex.com
UK Dec Inflation 0.6% Vs. 0.3% In Nov, Consensus 0.5% The material has been provided by InstaForex Company - www.instaforex.com
UK Dec Consumer Prices Rise 0.3% On Month Vs. -0.1% In Nov, Consensus +0.2% The material has been provided by InstaForex Company - www.instaforex.com
Germany Dec Producer Prices +0.2% On Year Vs. -0.5% In Nov, Consensus -0.3% The material has been provided by InstaForex Company - www.instaforex.com
Germany Dec Producer Prices +0.8% On Month Vs. +0.2% In Nov, Consensus +0.3% The material has been provided by InstaForex Company - www.instaforex.com
At 2.00 am ET Wednesday, the Office for National Statistics has published UK consumer and producer prices for December. The pound changed little against its major counterparts after the data.The pound was trading at 141.77 against the yen, 1.2131 against the franc, 1.3662 against the greenback and 0.8894 against the euro around 2:02 am ET.The material has been provided by InstaForex Company - www.instaforex.com
UK Dec Input Prices Up 0.2% Annually Vs. -0.3% In Nov, Consensus +1% The material has been provided by InstaForex Company - www.instaforex.com
UK Dec Output Prices Rise 0.3% On Month, Consensus +0.2% The material has been provided by InstaForex Company - www.instaforex.com
UK Dec Output Prices Fall 0.4% Annually Vs. -0.6% In Nov, Consensus -0.6% The material has been provided by InstaForex Company - www.instaforex.com
UK Dec Input Prices Rise 0.8% M-o-M Vs. 0.4% In Nov, Consensus +0.7% The material has been provided by InstaForex Company - www.instaforex.com
Destatis has released Germany's producer price figures for December at 2.00 am ET Wednesday. The euro changed little against its major counterparts after the data.The euro was trading at 126.12 against the yen, 1.0791 against the franc, 0.8894 against the pound and 1.2152 against the greenback around 2:02 am ET.The material has been provided by InstaForex Company - www.instaforex.com
UK Dec Core Inflation 1.4% Vs. 1.1% In Nov, Consensus 1.3% The material has been provided by InstaForex Company - www.instaforex.com
Malaysia Central Bank Holds Key Rate At 1.75%: Reports The material has been provided by InstaForex Company - www.instaforex.com
Germany Extends Covid-19 Lockdown Till February 14; Tightens Restrictions The material has been provided by InstaForex Company - www.instaforex.com
UK consumer price inflation accelerated more than expected in December, data released by the Office for National Statistics showed on Wednesday.Inflation doubled to 0.6 percent from 0.3 percent in November. The rate was above economists' forecast of 0.5 percent.Month-on-month, consumer prices advanced 0.3 percent, reversing a 0.1 percent drop in November. Prices were forecast to rise 0.2 percent. Excluding energy, food, alcoholic beverages and tobacco, core inflation increased to 1.4 percent from 1.1 percent in November. Core inflation was seen rising to 1.3 percent. Another report from the ONS showed that output prices dropped for the tenth consecutive month in December. However, the pace of decrease was slowest since March 2020. Output prices fell 0.4 percent annually, following a 0.6 percent drop logged a month ago. On a monthly basis, output price inflation held steady at 0.3 percent. Economists had forecast output prices to fall 0.6 percent on year but to rise 0.2 percent on month in December.At the same time, input price inflation turned positive for the first time since August 2019. Input prices rose 0.2 percent from last year, reversing a 0.3 percent fall in November. But the rate was below economists' forecast of +1 percent.On month, input prices gained 0.8 percent, faster than the 0.4 percent increase in November. Economists had forecast prices to climb 0.7 percent.The material has been provided by InstaForex Company - www.instaforex.com
Estonia's producer prices grew in December, data from Statistics Estonia showed on Wednesday.The producer price index rose 0.7 percent year-on-year in December.Prices for mining and quarrying industry grew 5.8 percent yearly in December. Prices for electricity, gas, steam and air conditioning supply, and water supply gained 8.7 percent and 0.5 percent, respectively.Prices of manufacturing decreased 0.1 percent in December.On a month-on-month basis, producer prices rose 0.7 percent in December.Compared to the previous month, the producer price index was affected the most by rising prices in electricity production, manufacture of electronic equipment and manufacture of wood and products of wood, Eveli Sokman, an analyst at Statistics Estonia, said."Price decreases in the manufacture of food products, in mining and quarrying and in the manufacture of beverages had an opposite impact on the index," Sokman said. Import prices rose 0.8 percent monthly in December and decreased 5.4 percent from a year ago.Export prices grew 1.4 percent monthly in December and declined 2.6 percent yearly.The material has been provided by InstaForex Company - www.instaforex.com
Portugal Dec Producer Prices +0.1% On Month Vs. -0.5% In November The material has been provided by InstaForex Company - www.instaforex.com
Ireland November Residential Property Prices +0.4% M/M, Same As In October The material has been provided by InstaForex Company - www.instaforex.com
Ireland November Residential Property Prices +0.2% Y/Y Vs. -0.5% In October The material has been provided by InstaForex Company - www.instaforex.com
Portugal Dec Producer Prices -4.0% On Year Vs. -4.7% In October The material has been provided by InstaForex Company - www.instaforex.com
German economic sentiment improved more-than-expected in January despite the uncertainty over the further course of the lockdown, survey data from the ZEW - Leibniz Centre for European Economic Research showed on Tuesday. The ZEW Indicator of Economic Sentiment climbed 6.8 points to 61.8 in January. The reading was above the expected level of 60.0.At the same time, the current situation index rose slightly to -66.4 from -66.5 in December. The expected level was -68.5."The results of the ZEW Financial Market Survey in January show that export expectations in particular have risen significantly," ZEW President Achim Wambach commented on the current expectations.In the monthly report, released Monday, Bundesbank said the recovery will face significant setback if the rate of coronavirus infections fails to ease and the lockdown restrictions are subsequently extended.Official data showed that Germany's GDP decreased 5 percent in 2020, almost reaching the level of 2009, when economic output fell by 5.7 percent as a result of the global financial and economic crisis.The survey today showed that the financial market experts' sentiment concerning the economic development of the euro area increased 3.9 points to 58.3 points in January. In contrast, the indicator for the current economic situation decreased 3.2 points to minus 78.9 points.Inflation expectations for the Eurozone gained 10.9 points to a new indicator value of 51.6 points. At the same time, the inflation indicator for Germany came in at 58.2 points in January, up by 18.6 points from December 2020.The material has been provided by InstaForex Company - www.instaforex.com