IN the first of two short trading weeks in Britain, domestic economic data remains thin on the ground. Monday sees the release of some consumer credit data, broad money lending and mortgage approvals at 8.30am.
On Tuesday, the third revision to fourth quarter GDP data could raise an eyebrow but no change is expected. We will also get an insight into the manufacturing sector from the monthly purchasing managers’ index.
Across the Atlantic, the big event ought to be the March non-farm payrolls but the timing – 12.30pm UK time on Good Friday – will mute market reaction. Case-Shiller house prices for January at 1pm on Tuesday and March ISM manufacturing at 2pm on Thursday should have more impact.
Eurostat will publish its estimate of the Eurozone unemployment rate in the 16-country area last month on Wednesday. Also released at 9am on Wednesday is the flash estimate for consumer price inflation in the Eurozone.