European Economic News

European Economics Preview: German Constitutional Court Ruling On ESM Due

Germany's top court is set to deliver a crucial judgment on the viability of the European Stability Mechanism and fiscal pact for budget discipline.

At 1.30 am ET, the French statistical office Insee is slated to release consumer prices for August. Annual inflation is forecast to rise to 2 percent from 1.9 percent in July.

Germany's final consumer price data is due at 2.00 am ET. Annual inflation is seen at 2 percent in August, unchanged from flash estimate.

At 2.45 am ET, the French current account figures for July are due. The deficit totaled EUR 4.9 billion in June.

At 3.00 am ET, the European Union is set to announce banking union plans.

In the meantime, Spain's statistical office INE is set to issue consumer prices for August. Annual inflation is seen at 2.7 percent.

At 4.00 am ET, Germany's constitutional court is set to announce its judgment on the permanent bailout fund. The court is expected to approve the new bailout fund.

Italy's statistical office Istat is scheduled to release industrial output figures for July. Economists forecast output to fall 0.4 percent month-on-month after falling 1.4 percent in June.

Half an hour later, U.K. labor market statistics is due. The claimant count is forecast to remain flat in August after falling 5,900 in July.

At 5.00 am ET, Eurostat is slated to issue Eurozone industrial output for July. On a monthly basis, production is forecast to rise 0.1 percent in July.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More European Economic News