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European Economics Preview: Germany GDP Data Due

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

At 2.00 am ET, Destatis is scheduled to issue Germany's GDP data. The largest euro area economy is forecast to contract 0.1 percent sequentially in the second quarter after expanding 0.4 percent in first quarter.

At 2.45 am ET, France's Insee releases final inflation data for July. The statistical office is expected to confirm consumer price inflation of 1.1 percent in July versus 1.2 percent in June.

At 3.00 am ET, GDP data is due from Hungary and the Czech Republic. Hungary's economy is forecast to grow 4.6 percent annually and the Czech GDP to expand 2.6 percent in the second quarter.

Half an hour later, Statistics Sweden releases consumer price figures for July. Inflation is seen easing to 1.5 percent from 1.8 percent in June.

At 4.00 am ET, consumer prices and GDP reports are due from Poland. The economy is forecast to grow 4.5 percent on year in the second quarter compared to 4.7 percent a quarter ago.

At 4.30 am ET, the Office for National Statistics release consumer and producer price figures. UK inflation is forecast to slow to 1.9 percent in July from 2 percent in June. Meanwhile, output price inflation is seen rising to 1.7 percent in July from 1.6 percent in June.

At 5.00 am ET, Eurostat releases euro area revised GDP data and June industrial production. The euro area economy is expected to grow 0.2 percent in the second quarter, as initially estimated. Economists forecast industrial production to fall 1.4 percent on month in June.

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