EUROPEAN INFLATION: German state inflation biased marginally higher
Jul-31 08:06
* First few German state CPIs are mixed with a bias a little higher so far with the Y/Ys coming in...
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MNI: EUROZONE JUNE FINAL MANUF PMI 49.5 (49.4 FLASH; 49.4 PRIOR)
Jul-01 08:00
- MNI: EUROZONE JUNE FINAL MANUF PMI 49.5 (49.4 FLASH; 49.4 PRIOR)
MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%
Jul-01 08:00
- MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%
- MNI: ECB 3-YEAR CONSUMER INFLATION EXPECTATIONS 2.4%
EUROZONE DATA: 1-year Ahead Inflation Expectations Fall 0.3pp To 2.8%
Jul-01 08:00
ECB 1-year ahead inflation expectations fell to 2.8% in May, down from 3.1% in April and 2.9% in March. Lower energy prices through May were likely the main driver of the fall, with European Commission pump price data indicating a notable sequential fall in auto, gas and heating fuels.
- 3-year ahead expectations eased a tenth to 2.4%, after two months at 2.5%, now back in line with the 2024 average. 5-year ahead expectations were unchanged at 2.1% for the sixth consecutive month.
- The release notes that "uncertainty about inflation expectations over the next 12 months decreased in May, reversing the increase observed in April”.
