GfK consumer climate. Germany, 09:00 (GMT+2) 20 Dec

20Dec.202308:00

GfK consumer climate. Germany, 09:00 (GMT+2)

At 09:00 (GMT+2), January data on the consumer climate index from GfK Group will be published in Germany. The indicator assesses the degree of confidence in the strength of the economy and is a leading indicator of household spending. The negative dynamics are expected to slow down from −27.8 points to −27.0 points, putting pressure on the euro.

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20 Dec. 2023 08:00

Producer price index. Germany, 09:00 (GMT+2)

At 09:00 (GMT+2) in Germany, the November producer price index will be published, which is the main indicator of inflation in the country, reflecting the monthly change in prices for goods and services provided by producers, and has a significant impact on the decisions of regulators in the field of monetary policy. The indicator is predicted to correct from –0.1% to –0.2% MoM and will remain at –11.0% YoY, putting pressure on the euro.

20 Dec. 2023 08:00

Consumer price index. UK, 09:00 (GMT+2)

At 09:00 (GMT+2), November data on the consumer price index will be published in the UK. It is the main indicator of inflation in the country and determines changes in retail prices for a certain “basket” of goods and services (food, transport, utility costs, healthcare, etc.), and also has a significant impact on decisions on monetary policy. The consumer price index is expected to fall from 4.6% to 4.3% YoY and it is expected to adjust from 0.0% to 0.2% MoM, while the core value will fall from 5.7% to 5.5% YoY and from 0.3% to 0.2% MoM.

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