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European Economics Preview: UK Unemployment Data Due


Unemployment from the UK and industrial production from euro area are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer prices for August. Inflation is expected to match the flash estimate of 1.8 percent. Wholesale prices for August are also due.

At 3.00 am ET, final inflation data is due from Spain. The annual inflation rate is expected to match the flash estimate of 2 percent in August.

At 3.15 am ET, Swiss producer and import prices are due for August. Prices had decreased 0.1 percent on year in July.

At 3.30 am ET, Statistics Sweden releases revised second quarter GDP data. According to initial estimate, the economy had expanded 1.7 percent sequentially.

At 4.30 am ET, the Office for National Statistics is set to issue UK unemployment data. The ILO jobless rate is seen unchanged at 4.4 percent in three months to July.

At 5.00 am ET, Eurostat is scheduled to release euro area industrial production. Economists forecast production to rise 0.1 percent on month in July, reversing a 0.6 percent fall in June.

In the meantime, Greece unemployment data is due for the second quarter. The jobless rate stood at 23.3 percent in the first quarter.

by RTTNews Staff Writer

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