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European Economics Preview: German Ifo Business Confidence Data Due

European Economics Preview: German Ifo Business Confidence Data Due
8/27/2012 1:57 AM ET

Business confidence from Germany is the major report due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to release Germany's import prices for July. Import price annual inflation is seen at 1.4 percent, up from 1.3 percent in June.

Finland's consumer confidence survey results are also due at 2.00 am ET.

Statistics Netherlands is scheduled to issue producer confidence at 3.30 am ET. In the meantime, Sweden's retail sales and producer prices are due. Swedish retail sales are forecast to remain flat on a monthly basis in July, following a 0.4 percent fall in June.

At 4.00 am ET, Germany's Ifo business confidence survey results are due. Business sentiment is seen easing to 102.8 in August from 103.3 in July.

The German government aims to raise a maximum of EUR 3 billion from the auction of Treasury discount paper or "Bubills". The result of the issue is due at 5.30 am ET.

by RTT Staff Writer

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