E.U. Economics Preview

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 releases UK consumer and producer price figures for April. Consumer price inflation is expected to double to 1.4 percent from 0.7 percent in March.

UK output prices are forecast to rise 3.5 percent annually after rising 1.9 percent in March. Input price inflation is seen at 9.0 percent versus 5.9 percent a month ago.

In the meantime, the European Automobile Manufacturers’ Association releases Europe’s new car registrations data.

At 4.30 am ET, UK house price data is due.

At 5.00 am ET, Eurostat is scheduled to release euro area revised consumer price data for April. The harmonized inflation is expected to match the flash estimate of 1.6 percent.

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