Week Ahead: Economic Indicators (Europe)

Hey, Traders!
For the April 7th week, here is a list of all of the major economic indicators being released during the EU Session, with a brief synopsis of what they represent and what to possibly expect from the markets in reaction.

Monday
German Industrial Production
Industrial production measures the physical output of the nation’s factories, mines and utilities. Data are collected from companies in the sector with fifty or more employees and include mining and quarrying, manufacturing, energy and, in contrast to its Eurozone counterpart, construction.
What to expect:
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

Friday
UK GDP
First released in July 2018, the Office for National Statistics (ONS) produces estimates of monthly GDP on a rolling monthly and three-monthly basis, with estimates published around six weeks after the end of the month.
Monthly estimates are based on a less complete picture of GDP than the calendar quarterly estimates.
Monthly GDP uses solely the production approach to measuring GDP using output data, which includes output in the services, goods, construction and agriculture industry.
There are no expenditure or income data available for publishing at this stage.
What to expect:
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

German CPI
The consumer price index (CPI) is a measure of the average price level of a fixed basket of goods and services purchased by consumers. Monthly and annual changes in the CPI represent the main rates of inflation. The national CPI is released alongside the HICP, Eurostat’s harmonized measure of consumer prices. A flash estimate was released for the first time in January 2016 and is now published towards the end of each reference month. The consumer price index is the most widely followed indicator of inflation.
What to expect:
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.