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European Economics Preview: Germany Ifo Business Confidence, GDP Data Due

preview oct26 25may20 lt

Business sentiment and revised quarterly national accounts from Germany are due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's quarterly national accounts for the first quarter. According to initial estimate, the economy had contracted 2.2 percent sequentially, the fastest fall since the global financial crisis in 2008-09.

At 2.30 am ET, Switzerland's first quarter industrial production and orders figures are due.

At 3.00 am ET, Spain's INE releases producer price data for April. In the meantime, March industrial production from Austria is due.

Half an hour later, Statistics Sweden publishes unemployment data for April.

At 4.00 am ET, Germany's ifo business confidence survey results are due. The business confidence index is expected to rise to 78.3 in May from 74.3 in April.

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