European Economic News: Final Inflation Data from Germany and Italy Due on Friday
Economic Reports to Watch in Europe
The European economy takes center stage on Friday with several key economic reports scheduled for release. The headline event will be the publication of final inflation figures from Germany and Italy.
Germany's Inflation Rate
At 2:00 am ET, Germany's Federal Statistical Office (Destatis) will release final inflation data for January. This report will provide the latest update on consumer price growth in Europe's largest economy. Economists are expecting a slight increase in the inflation rate compared to the preliminary estimate of 8.7%.
Italy's Inflation Rate
Later in the day, at 3:30 am ET, Italy's National Institute of Statistics (ISTAT) will publish its final inflation figures for January. Italy has been grappling with high inflation in recent months, and the final report will provide insights into the effectiveness of the European Central Bank's monetary tightening policies.
Other Economic Reports
In addition to the inflation figures, other economic reports due on Friday include: * Final PMI survey results from France and Germany (3:50 am ET and 3:55 am ET, respectively) * Eurozone final CPI flash estimate (4:00 am ET) These reports will collectively provide a snapshot of the economic health of Europe and will be closely monitored by market participants and policymakers alike.
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