European Economics Preview: Eurozone Consumer Price Data Due

Consumer prices from euro area and mortgage approvals from the U.K. are the major reports due on Monday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is set to issue German retail sales and import prices. Retail sales are forecast to grow 0.3 percent on a monthly basis in January, following a 0.2 percent drop in December.

At 3.00 am ET, Swiss KOF leading index is due. Economists forecast the indicator to remain unchanged at 100.3 in February. In the meantime, foreign trade from Turkey and producer prices from Hungary are due.

At 3.30 am ET, Statistics Sweden is set to issue final GDP data for the fourth quarter.

At 4.00 am ET, retail sales from Norway and GDP from Poland are due. Norwegian retail sales are expected to expand 0.6 percent on a monthly basis in December after falling 1.3 percent in November.

At 4.30 am ET, the Bank of England publishes mortgage approvals for January. The number of mortgages approved in January is seen at 74,000 compared to 70,800 in December.

At 5.00 am ET, Eurostat is slated to release flash consumer price figures for February. Eurozone consumer prices are forecast to rise 0.1 percent annually versus 0.3 percent inflation in January.

In the meantime, flash inflation figures are due from Italy and final GDP from Greece.

The material has been provided by InstaForex Company – www.instaforex.com