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European Economics Preview: Germany's Q2 GDP Data Due


Quarterly national accounts from Germany and consumer prices from the UK are the major reports due on Tuesday.

At 2.00 am ET, Destatis is scheduled to issue Germany's GDP data. The economy is forecast to grow 0.7 percent sequentially in the second quarter, following a 0.6 percent rise in the first quarter.

At 3.00 am ET, unemployment data is due from Turkey. The jobless rate is forecast to fall to 10.2 percent in May from 10.5 percent in April.

At 3.15 am ET, Swiss producer and import prices are due. Economists forecast producer and import prices to remain flat in July after falling 0.1 percent in June.

At 4.30 am ET, the Office for National Statistics is slated to release UK consumer and producer prices for July. Inflation is expected to rise slightly to 2.7 percent in July from 2.6 percent in June.

Output price inflation is seen at 3.1 percent in July versus 3.3 percent in June. Input price inflation is forecast to fall to 6.9 percent in July from 9.9 percent in June.

by RTTNews Staff Writer

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