30 Mar 2015
Key data ahead: German deflation to have eased in March – Danske
FXStreet (Barcelona) - Senior Analyst at Danske Bank, Flemming J. Nielsen, previews the key data releases in the euro zone and US, expecting German HICP inflation to edge higher to 0.0%yoy in March, and US core PCE to increase to 0.2%mom.
Key Quotes
“In Germany the preliminary inflation data for March will give an indication on tomorrow’s preliminary euro-area inflation data. We expect deflation to have eased in March on the back of a less negative impact from energy prices."
“Specifically, we expect German HICP inflation to have edged up slightly to 0.0% y/y in March from - 0.1% y/y in February but there could be upside risk due to the early Easter this year.”
“In the US focus will mainly be on the PCE-deflator for February – Fed’s preferred inflation measure. We expect core PCE to mirror the development in core CPI and to have increased 0.2% m/m.”
“Personal spending for February is also due for release and we expect it to show a healthy gain of 0.4% m/m.”
Key Quotes
“In Germany the preliminary inflation data for March will give an indication on tomorrow’s preliminary euro-area inflation data. We expect deflation to have eased in March on the back of a less negative impact from energy prices."
“Specifically, we expect German HICP inflation to have edged up slightly to 0.0% y/y in March from - 0.1% y/y in February but there could be upside risk due to the early Easter this year.”
“In the US focus will mainly be on the PCE-deflator for February – Fed’s preferred inflation measure. We expect core PCE to mirror the development in core CPI and to have increased 0.2% m/m.”
“Personal spending for February is also due for release and we expect it to show a healthy gain of 0.4% m/m.”