Factory orders from Germany and industrial production from the U.K. are due on Tuesday, headlining a busy day for the European economic news.
At 3.00 am ET, the Czech Statistical Office is scheduled to issue industrial output and trade data. Industrial production is forecast to fall 2.5 percent annually in June, following a 2.2 percent drop in May. The trade surplus is seen at CZK 32.1 billion compared to a shortfall of CZK 28.8 billion a month ago.
In the meantime, Hungary's preliminary industrial output data is due. Production is forecast to grow 0.5 percent annually in June after falling 2.1 percent in May.
At 4.00 am ET, Italy's industrial output figures are due. Economists forecast output to grow 0.3 percent in June.
At 4.30 am ET, the Office for National Statistics is set to publish U.K. industrial and manufacturing output figures. Economists forecast industrial output to rise 0.7 percent month-on-month in June, after staying flat in May.
At 5.00 am ET, Italy's preliminary GDP data is due. Economists forecast the economy to shrink 0.4 percent sequentially in the second quarter, following a 0.6 percent decline in the first quarter.
At 6.00 am ET, the Federal Ministry of Economics and Technology is slated to release German factory orders for June. Economists forecast orders to grow 1 percent month-on-month, following a 1.3 percent fall in May.
by RTTNews Staff Writer
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