European Economics Preview: European Central Bank Minutes Due

The minutes of the monetary policy meeting of the European Central Bank is due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, Sweden’s AMV unemployment data for December is due. The jobless rate stood at 3.9 percent in November.

At 2.45 am ET, the French statistical office Insee is scheduled to issue final consumer prices for December. The annual rate is expected to match the flash estimate of 0.6 percent.

At 3.30 am ET, Sweden’s consumer price figures are due. Inflation is forecast to rise to 1.6 percent in December from 1.4 percent in November.

At 5.00 am ET, Eurostat publishes industrial production data for November. Eurozone industrial output is expected to gain 0.5 percent on month in November, reversing a 0.1 percent fall in October.

In the meantime, Greece unemployment data is due for November. The unemployment rate stood at 22.6 percent in October.

At 7.30 am ET, the ECB publishes the account of monetary policy meeting of the Governing Council held on December 7 and 8. At the meeting, the bank had decided to extend the bond purchases till the end of next year, which was longer-than-expected, but its pace will ease after March.

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

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