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European Economics Preview: German Factory Orders Data Due

European Economics Preview: German Factory Orders Data Due

Factory orders from Germany and industrial production from France are due on Tuesday, headlining a light day for the European economic news.

At 1.45 am ET, the State Secretariat For Economic Affairs is scheduled to release Swiss consumer confidence survey data. The index is forecast to improve to -2 in April from -6 in the prior quarter.

In the meantime, Swiss jobless rate is also due. The seasonally adjusted rate is expected to remain unchanged at 3.1 percent in April.

At 2.45 am ET, the French statistical office Insee is set to release industrial and manufacturing output data. Economists forecast industrial output to fall 0.3 percent month-on-month in March and manufacturing output to ease 0.5 percent.

At 3.00 am ET, the Czech Statistical Office is scheduled to release industrial production and trade figures for March. Industrial production is forecast to fall 4.5 percent year-on-year in March, but slower than the 5.7 percent drop in February.

Hungary's preliminary industrial output figures are also due. Production is seen easing 1 percent year-on-year in March.

Half an hour later, Statistics Netherlands is slated to publish inflation data for April. HICP inflation is forecast to fall to 3 percent in April from 3.2 percent in March.

In the meantime, Sweden's industrial production and orders are due. Economists forecast orders to fall 0.9 percent on a monthly basis in March, reversing a 0.5 percent rise in February. At the same time, production is expected to grow 0.4 percent.

The Federal Ministry of Economics and Technology is scheduled to release German factory orders data for March at 6.00 am ET. Orders are forecast to drop 0.5 percent month-on-month in March, after rising 2.3 percent in February.

by RTT Staff Writer

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