9/27/10

Economists expect inflation in the euro area

Inflation in the eurozone in September, likely rose against the backdrop of rising prices for food and fuel after the unexpected slowdown in August, according to Dow Jones Newswires.

"We are all more we observe the influence of the recent price shocks in the sector on the price of raw food in the coming months" - note the economists at BNP Paribas in a weekly research note to clients.

Index of confidence in business circles and the final consumer confidence index for September will also be published in the week. It is expected that the index of confidence in the business community will decline. "Given the weak purchasing managers' index of the eurozone, we expect that the index of confidence in the business community in September, slightly below" - economists say HSBC.

Data on unemployment is also expected this week. Germany will publish the September data, and the euro zone published by the August figure. It is expected that these data show stable values compared with the previous month. Data on retail sales in Germany will also be published in the week. According to the forecast, they should show growth in August compared with the previous month after the July decline, economists say.

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