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European Economics Preview: German Industrial Production Data Due

European Economics Preview: German Industrial Production Data Due

Industrial production from Germany is the major report due on Tuesday, headlining a light day for the European economic news.

At 3.00 am ET, industrial production from Hungary and Turkey are due. Economists forecast Hungary's industrial production to fall 0.1 percent annually after declining 3.4 percent in February.

At the same time, Turkey's industrial production growth is expected to ease to 2.2 percent in March from 4.4 percent in the prior month. In the meantime, Denmark's industrial output and trade figures are due.

Half an hour later, Sweden's budget balance is due from National Debt Office.

At 4.00 am ET, Statistics Norway is set to release industrial production for March. Manufacturing output is expected to rise 0.7 percent month-on-month in March, offsetting last month's 0.7 percent fall.

The Federal Ministry of Economy and Technology is scheduled to publish German factory output for March. Economists forecast industrial output to grow 0.8 percent on a monthly basis after falling 1.3 percent in February. Annually, it is expected to drop 1.2 percent.

by RTT Staff Writer

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