Germany: All eyes on inflation and unemployment data - TDS

Research Team at TDS, suggests that they are looking for German inflation to push further into positive territory in September, rising to a 16-month high of 0.6% Y/Y while the release of unemployment data will also steal some limelight today.

Key Quotes

“The inflation boost should come both from core inflation, picking up from a softer monthly outcome in August, and a smaller drag from energy prices, which should continue through Q4. Markets are looking for a reading of 0.5% Y/Y, a tenth below our forecast.

We also get unemployment data for Germany today, where consensus is looking for the number of unemployed to slip another 5K lower, leaving the unemployment rate unchanged at 6.1%.”