Eurozone: Inflation and IP - Danske Bank

The final Eurozone April HICP figures will be released next week, analysts from Danske Bank will be looking at the details to determine how much of the decrease was driven by one-offs effects. The other relevant economic report due is Industrial Production. 

Key Quotes: 

“On Wednesday 16 May, we will get the final euro area April HICP figures. Core inflation surprised on the downside in April, falling back to 0.7%. The decrease was partly driven by one-off factors related to the timing of Easter.”

“The final release details will give insights into the exact drivers of the decline and whether to expect a rebound in core inflation in May.”

“The notoriously volatile industrial production figure in the euro area will be released on Tuesday 15 May. We expect slight moderation in March from its 2.9% in February, reflecting the softer data in the latter part of Q1.”