Things to watch before lunch: UK inflation report, EZ production data
MADRID | The Corner | Euro area industrial production, the BoE Inflation Report and UK labour market data will be watched closely today. Barclays analysts expect euro area production to rise 0.7% m/m in September, partially offsetting August’s sharp drop. The Inflation Report is likely to shed light on recent BoE policy decisions, including possible downward revisions of its inflation and unemployment forecasts. UK consumer inflation fell to 1.2 per cent in September, a hefty 0.5 percentage point lower than the BoE expected just three months ago.
