Business World

Saturday 26 May 2018

Key economic data due to be released

Markets are braced for a barrage of key economic data this week with preliminary inflation figures from the eurozone set to bolster expectations the European Central Bank will end its ultra-loose policy by the end of the year. Stock image
Markets are braced for a barrage of key economic data this week with preliminary inflation figures from the eurozone set to bolster expectations the European Central Bank will end its ultra-loose policy by the end of the year. Stock image

Gretchen Friemann

Markets are braced for a barrage of key economic data this week with preliminary inflation figures from the eurozone set to bolster expectations the European Central Bank will end its ultra-loose policy by the end of the year.

The ECB is widely anticipated to call a halt to the €2.55 trillion stimulus scheme by the end of 2018, although a decision has yet to be taken by the bank's governing council. The preliminary estimates, released on Wednesday, are forecast to tick up to 1.4pc from 1.2pc, with core inflation rates likely to rise to 1.1pc from 1pc.

US non-farm payroll numbers are due out on Friday, although markets are anticipating a more modest rise than the explosive February figures, which showed a 313,000-strong spike in jobs.

It's a busy week for Irish economic data, with the Exchequer returns for the past three months due out on Wednesday. According to Alan McQuaid, of Merrion Capital, the Exchequer is expected to post a deficit of €1.2bn at the end of the first quarter, up from a deficit of just over €900m in the same period last year.

Irish Independent

Business Newsletter

Read the leading stories from the world of Business.

Also in Business