Eurozone: Focus on inflation data – TDS

Analysts at TDS see mild downside risks for Eurozone’s inflation data after last week's downside surprises in the Germany and Spain March inflation prints have been largely offset by the stronger France and Italy data released on Friday.

Key Quotes

“We still see very mild downside risks to the euro area aggregate, with headline inflation coming in at 1.3% y/y while core registers a 1.0% y/y gain. The unemployment rate for February is released, with consensus looking for a further decline to 8.5%.”

“UK: We expect the March Construction PMI to nudge back up toward its late-2017 levels, with a half-point gain to 51.9, versus market expectations of a decline 51.0.”