UK industrial production and Sweden’s inflation expectations in focus – Danske Bank

Research Team at Danske Bank, suggests that we have a very thin calendar in term of data releases today and the most important release is the Prospera inflation expectations in Sweden, which is due today at 08:00 CET.

Key Quotes

“Riksbanken continues to struggle with low inflation and inflation expectations despite solid real GDP growth.

In UK, industrial production data for March are due. The first estimate of GDP growth showed that UK growth slowed to 0.4% q/q in Q1 and today's release will give us insight in whether to expect any revisions to the first estimate.

Also in the UK, NIESR GDP estimate is due which should give us information about whether growth momentum has changed from Q1 to Q2. It is not unlikely that we could see a fall in the GDP estimate as UK PMIs are at three-year lows. Our main scenario is that growth will slow ahead of the UK's EU referendum.

Note that the Brazilian Senate votes today on whether to impeach President Dilma Rousseff.”