2020.01.1503:30:00UTC+00European Economics Preview: UK Inflation, Germany GDP Data Due

Inflation from the UK and annual GDP data from Germany are due on Wednesday, headlining a busy day for the European economic news.

At 2.45 am ET, France's Insee is slated to release final inflation data for December. Consumer price inflation is seen at 1.4 percent, unchanged from flash estimate.

At 3.00 am ET, final CPI data is due from Spain. Inflation is forecast to match the preliminary estimate of 0.8 percent in December. Austria's consumer price data is also due at 3.00 am ET.

At 4.00 am ET, Germany's GDP data for 2019 is due. The largest euro area economy is forecast to expand 0.6 percent versus 1.5 percent in 2018.

At 4.30 am ET, the Office for National Statistics releases UK consumer and producer prices for December. Consumer price inflation is expected to remain unchanged at 1.5 percent.

Economists forecast output price inflation to double to 1 percent in December from 0.5 percent in November. At the same time, input prices are expected to fall 0.9 percent annually, following a 2.7 percent drop a month ago.

At 5.00 am ET, Eurostat publishes euro area industrial production and foreign trade data. Industrial output is seen rising 0.3 percent on month in November, in contrast to a 0.5 percent fall in October.

The euro area trade surplus is expected to fall to a seasonally adjusted EUR 22 billion in November from EUR 24.5 billion in October.