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European Economics Preview: Germany GDP, UK Unemployment Data Due


Quarterly national accounts from Germany and unemployment from the UK are due on Tuesday, headlining a busy day for the European economic news.

At 1.30 am ET, France's ILO unemployment data is due. The jobless rate is forecast to remain unchanged at 9.2 percent in the second quarter.

At 2.00 am ET, Destatis is slated to publish Germany's GDP data for the second quarter and final consumer prices. The economy is forecast to grow 0.4 percent on quarter, following a 0.3 percent rise in the first quarter.

In the meantime, consumer prices and GDP figures are due from Finland.

At 2.45 am ET, France's Insee releases final consumer prices for July. Inflation is expected to match the flash estimate of 2.3 percent.

At 3.00 am ET, GDP figures from Hungary and the Czech Republic are due. Also, Spain's final inflation figures are due.

At 3.15 am ET, the Federal Statistical Office is scheduled to publish producer and import prices for July. Swiss producer and import prices had advanced 3.5 percent on year in June.

At 4.00 am ET, GDP and consumer prices from Poland are due. The economic growth is expected to slow to 5.1 percent in the second quarter from 5.2 percent in the first quarter.

Half an hour later, the Office for National Statistics publishes UK labor market statistics. The ILO jobless rate is seen unchanged at 4.2 percent in the second quarter.

At 5.00 am ET, Germany's ZEW economic confidence survey data is due. The economic sentiment index is seen improving to -21.3 in August from -24.7 in July.

In the meantime, euro area industrial production and quarterly GDP reports are due. Industrial output is forecast to shrink 0.4 percent on month in June. GDP is expected to climb 0.3 percent in the second quarter, in line with flash estimate.

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