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European Economics Preview: German Economic Sentiment Forecast To Fall


Economic sentiment data from Germany and consumer price inflation figures from the eurozone are due on Tuesday, headlining a busy day for European economic news.

At 3:00 am ET, EU25 new car registrations data for February is due from the European Automobile Manufacturers' Association. In January, new car registrations had risen 12.9% annually.

Consumer price inflation figures are due from the French statistical office INSEE at 3:45 am ET. Year-on-year, the consumer price index is seen rising 1.1% in February. The monthly inflation rate is seen at 0.3%.

At 4:00 am ET, retail sales figures for January are due from the Czech Statistical Office. Sales are tipped to fall 2.3% on a yearly basis.

Simultaneously, the Turkish Statistical Institute is scheduled to release consumer confidence data.The consumer confidence index is seen at 79 in February, down from 79.2 in the previous month.

At 4:30 am ET, the Netherlands' Central Bureau of Statistics is scheduled to release industrial production data for January. Industrial production is forecast to rise by 1.6% on a yearly basis and by 1.1% on a monthly basis. Retail sales data is also due from the statistical office at the same time.

Revised consumer price inflation figures are due from the Italian statistical office ISTAT at 5:00 am ET. Year-on-year, the consumer price index is tipped to rise 1.2% in February. The monthly inflation rate is seen at 0.1%.

House price data is due from U.K.'s Department of Communities and Local Government at 5:30 am ET. Economists expect house prices to gain 3.5% year-on-year in January, following the 2.9% increase a month ago.

Afterwards at 6:00 am ET, the Centre for European Economic Research or ZEW is expected to release economic sentiment survey results for Germany. The economic sentiment indicator for Germany is seen at 43.5 in March, down from 45.1 in the previous month. The current conditions index is expected to rise to -52 from -54.8.

Meanwhile, the economic sentiment indicator for the eurozone is seen at 38.5 in March, down from 40.2 in February.

Revised consumer price inflation data for February is due from the eurozone at the same time. Eurozone consumer prices are forecast to rise by 0.9% on a yearly basis and by 0.3% on a monthly basis.

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Published: 2010-03-16 05:51:00 UTC+00

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