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European Economics Preview: UK Inflation Data Due

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Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the European Automobile Manufacturers Association is scheduled to issue Europe's new car registrations data for June. Sales had gained 0.1 percent on year in May.

At 3.00 am ET, consumer price data for June is due from Austria. Inflation held steady at 1.2 percent in May.

In the meantime, the Czech producer price data is due. Economists forecast producer prices to rise 3.3 percent annually in June, slower than the 3.8 percent rise in May.

At 4.00 am ET, average gross wages are due from Poland. Wages are forecast to climb 7.1 percent on year in June, following May's 7.7 percent increase.

At 4.30 am ET, the Office for National Statistics publishes UK consumer and producer prices for June. Inflation is forecast to remain unchanged at 2 percent in June.

Output price inflation is seen at 1.7 percent in June versus 1.8 percent in May. At the same time, input prices are forecast to grow at a much slower pace of 0.3 percent after rising 1.3 percent.

Also, UK house price data is due. House price inflation is expected to ease marginally to 1.3 percent in May from 1.4 percent in April.

At 5.00 am ET, Eurostat is scheduled to release final inflation figures for June and construction output for May. Economists expect Eurozone inflation to match the flash estimate of 1.2 percent and core inflation at 1.1 percent.

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