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European Economics Preview: Eurozone Producer Price Data Due


Producer prices from Eurozone and Purchasing Managers' survey for the U.K. construction sector are the important reports due on Tuesday, headlining a light day for the European economic news.

Hungary's final trade balance figures are due at 3.00 am ET. The preliminary estimate showed that the trade surplus decreased to EUR 423.5 million in January from EUR 432.1 million last year.

In the meantime, Romania's producer prices and Turkey's consumer and producer prices are due. Turkish annual inflation is forecast to rise to 10.6 percent in March from 10.4 percent in February.

Also, Spain's Labor Ministry is slated to issue unemployment data for March. The unemployment increased by 112,269 or 2.44 percent in February. In Eurozone, Spain continues to log the highest unemployment rate of 23.6 percent.

Markit Economics is set to publish U.K. construction PMI figures at 4.30 am ET. The construction PMI is seen easing to 53.4 in March from 54.3 a month ago.

At 5.00 am ET, Eurostat is scheduled to issue euro area producer price figures for February. Producer price annual inflation is seen easing to 3.5 percent from 3.7 percent in January. On a monthly basis, producer prices are forecast to grow 0.5 percent.

by RTTNews Staff Writer

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