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European Economic News

European Economics Preview: U.K. CPI, German Economic Sentiment Data Due

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Consumer prices from the U.K. and economic confidence from Germany are due on Tuesday, headlining a busy day for the European economic news.

At 2.00 am ET, Germany's final consumer prices for August are due. Prices had increased 0.4 percent annually in July.

At 3.00 am ET, Spain's INE releases final consumer prices for August. According to flash estimate, prices had declined 0.1 percent annually.

At 3.15 am ET, Swiss producer and import price data is due. Producer and import prices declined 0.3 percent annually in August versus a 0.8 percent drop in July.

At 3.30 am ET, Statistics Sweden is set to issue consumer prices for August. Inflation is seen rising to 1.2 percent from 1.1 percent in July.

Half an hour later, Italy's statistical office Istat releases industrial production for July. Economists forecast output to grow 0.2 percent on month after easing 0.4 percent in June.

At 4.30 am ET, the Office for National Statistics releases U.K. consumer and producer prices for August. Inflation is forecast to rise to 0.7 percent in August from 0.6 percent in July.

Output prices are expected to gain 0.3 percent annually and input prices to grow 8.1 percent in August.

In the meantime, U.K. house prices for July are due. Prices had climbed 8.7 percent year-on-year in June.

At 5.00 am ET, Germany's ZEW economic confidence survey data is due. Economists forecast the economic sentiment index to rise to 2.5 in September from 0.5 in August.

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