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EU CPI and unemployment to remain unchanged - Danske

FXStreet (Łódź) - Arne Lohmann Rasmussen, Chief Analyst at Danske, expects both Eurozone CPI for October and unemployment for September, due out in one hour, to remain unchanged.

Key quotes

"We now expect euro-area HICP to remain unchanged at this cycle low of 0.3% in October."

"Our updated forecast followed after German inflation surprised by declining to 0.7% in October. The weaker-than-expected figure seemed to reflect a decline in inflation on clothing and shoes, whereas the impact from the decline in the oil price was more modest."

"The unemployment rate in the euro area should stay unchanged at 11.5%. In Germany the latest weakness in economic activity has not dragged down the unemployment rate and we expect the euro-area figure to remain unchanged."

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