Euro area annual inflation up in March

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Thursday, Apr 30 2015

Euro area annual inflation is expected to be 0.0% in April 2015, up from -0.1% in March. This was in line with market forecasts. Looking at the main components of euro area inflation, services (0.9%, compared with 1.0% in March) and food, alcohol & tobacco (0.9%, compared with 0.6% in March) are expected to have the highest annual rates in April, followed by non-energy industrial goods (0.1%, compared with 0.0% in March) and energy (-5.8%, compared with -6.0% in March).

Separate report on Unemployment Rate showed that the euro area seasonally-adjusted unemployment rate was 11.3% in March 2015, stable compared with February 2015, but below expected decrease to 11.2% and down from 11.7% in March 2014. The EU28 unemployment rate was 9.8% in March 2015, stable compared with February 2015 and down from 10.4% in March 2014.

After the data euro declined and is currently being traded slightly below 1.12 handle. Pair is likely to find support around 1.1070 level and resistance above 1.1250 handle. Later today, in the US session, Unemployment Claims and Chicago PMI figures are scheduled for a release.

More in this category: « Euro rebounds after Spanish CPI and GDP data Unemployment Claims at the lowest level since 2000 »

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