European Economic News

European Economics Preview: Eurozone Economic Confidence Data Due

Economic confidence from euro area and inflation from Germany are due on Monday, headlining a light day for the European economic news.

At 3.00 am ET, Spain's statistical office INE is scheduled to release flash inflation figures and retail sales data. Annual inflation is forecast to ease to 2.1 percent in April from 2.6 percent in March.

In the meantime, Turkey's consumer confidence data is due.

Half an hour later, Statistics Sweden is slated to issue retail sales data for March. Sales were up 1 percent month-on-month in February.

At 4.00 am ET, Italy's hourly wages figures for March are due. Wages remained flat on a monthly basis in February.

At 5.00 am ET, the European Commission is set to publish economic sentiment survey results. Economists forecast Eurozone economic confidence to fall to 89.4 in April from 90 in March. Meanwhile, business confidence is expected to ease marginally to -0.9 from -0.86 a month ago.

The Italian treasury plans to offer 5- and 10-year BTPs to raise EUR 6 billion. Results are due at 5.00 am.

At 8.00 am ET, Germany's flash consumer price data is due. EU harmonized inflation is forecast to ease to 1.7 percent in April from 1.8 percent in March.

by RTTNews Staff Writer

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