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FX.co ★ European Economic News Preview: Eurozone Final Inflation Data Due

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typeContent_19130:::2024-03-18T06:32:00

European Economic News Preview: Eurozone Final Inflation Data Due

The primary focus for financial markets on Monday will be the final inflation figures from the Eurozone. This is the main economic announcement due on a day otherwise light on significant news for the European economy.

Statistics Norway is due to release January's GDP data at 3:00 am ET. Mainland Norway's economy is predicted to have grown by 0.1 percent, a stark contrast to the 0.1 percent contraction reported in December.

Following this, at 4:00 am ET, the Czech Republic will be releasing its producer price data. Analysts predict a 0.3 percent month-on-month increase, which follows a substantial 2.5 percent rise in January.

Finally, at 6:00 am ET, Eurostat is expected to release the Eurozone's final inflation and foreign trade figures for February. Preliminary estimates indicated a decrease in inflation, down to 2.6 percent from the previous 2.8 percent in January. The trade balance report revealed a surplus of EUR 16.8 billion for December.

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