The focus for this Wednesday in European economic news will be the release of consumer and producer price data from the UK.
At 2:00 AM ET, the UK’s Office for National Statistics will publish the consumer and producer price indices for November. Analysts anticipate an increase in consumer price inflation to 2.6 percent, up from 2.3 percent in October. In addition, both output and input prices are predicted to rise by 0.2 percent each for November.
Following this, at 3:00 AM ET, Austria will release its final consumer price figures.
At 4:30 AM ET, the UK’s Office for National Statistics is set to deliver house price data for October.
Thirty minutes later, Eurostat will reveal finalized consumer price data for the euro area for November. It is expected that this will confirm an inflation rate of 2.3 percent, rising from 2.0 percent in October.
Finally, at 6:00 AM ET, the Confederation of British Industry is scheduled to release the results of its Industrial Trends survey. The order book balance is projected to decrease to -22 percent in December, from -19 percent in the previous month.
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