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From Eurozone, yesterday, Industrial Production data was published. In February 2016 compared with January 2016, seasonally adjusted industrial production fell by 0.8% in the euro area (EA19) and by 0.7% in the EU28, according to estimates from Eurostat. Analysts were expecting 0.6% decrease.The decrease of 0.8% in industrial production in the euro area in February 2016, compared with January 2016, is due to production of non-durable consumer goods falling by 1.8%, energy by 1.2%, durable consumer goods by 0.4% and capital goods by 0.3%, while production of intermediate goods remained stable.

In the US session, Retail Sales and PPI figures were released. Sales at U.S. retailers unexpectedly fell in March, raising concern consumer spending is losing momentum. The 0.3% drop in purchases followed little change the prior month, Commerce Department figures showed Wednesday in Washington. The median forecast of 81 economists surveyed by Bloomberg called for a 0.1% gain. The decrease was led by the biggest drop in demand for autos in a year, and cutbacks at clothing stores, internet merchants and restaurants.

 

The Producer Price Index for final demand fell 0.1% in March, seasonally adjusted, missing forecasts on 0.1% rise, the U.S. Bureau of Labor Statistics reported. Final demand prices decreased 0.2% in February and advanced 0.1% in January. On an unadjusted basis, the final demand index moved down 0.1% for the 12 months ended in March. The decrease in the final demand index in March can be traced to prices for final demand services, which declined 0.2%. In contrast, prices for final demand goods rose 0.2%.

 

From Eurozone, tomorrow, Final CPI figures will be published. Decline by 0.1% is expected. In the US session Unemployment Claims and CPI data will be released. CPI should go incline by 0.2%, while Unemployment Claims should edge up to 270,000.

 

Figures to watch:

 

Final CPI (Thursday 11:00)

CPI (Thursday 14:30)

Unemployment Claims (Thursday 14:30)

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