17 Mar 2015
German ZEW might come out weaker – KBC
FXStreet (Barcelona) - The KBC Bank Research Team previews the Eurozone HICP and German ZEW data release, expecting the latter to come out weaker, with consensus forecasting a rise to 59.4.
Key Quotes
“According to the first estimate, euro zone HICP inflation picked up from -0.6% Y/Y to -0.3% Y/Y in February. Core inflation stabilized at 0.6% Y/Y in February. The final reading is expected to confirm this outcome.”
“Also in Europe, the German ZEW indicator is forecast to extend its upward trend in March, rising for a fifth consecutive month. An increase from 53 to 59.4 is forecast. Recently, other confidence indicators showed a more mixed picture and therefore also the German ZEW might come out somewhat weaker.”
Key Quotes
“According to the first estimate, euro zone HICP inflation picked up from -0.6% Y/Y to -0.3% Y/Y in February. Core inflation stabilized at 0.6% Y/Y in February. The final reading is expected to confirm this outcome.”
“Also in Europe, the German ZEW indicator is forecast to extend its upward trend in March, rising for a fifth consecutive month. An increase from 53 to 59.4 is forecast. Recently, other confidence indicators showed a more mixed picture and therefore also the German ZEW might come out somewhat weaker.”