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Financial News: European Economics Preview: Eurozone Economic Confidence D

European Economics Preview: Eurozone Economic Confidence Data Due

03/27/2018 - 01:22:00 (RTTNews)

(RTTNews) - Economic confidence data from euro area is due on Tuesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany's import prices for February. Economists forecast import prices to drop 0.3 percent on year, in contrast to a 0.7 percent rise in January.

At 3.00 am ET, Spain's INE releases flash inflation data. Inflation is seen rising to 1.4 percent in March from 1.1 percent in February.

In the meantime, economic tendency survey results are due from Sweden. The economic tendency index is forecast to drop to 108.0 in March from 109.5 in February.

Half an hour later, Sweden's producer prices and foreign trade figures are due. The trade deficit is seen narrowing to SEK 1.5 billion in February from SEK 1.8 billion in January.

At 4.00 am ET, business sentiment from Italy and money supply data from euro area are due. Economists expect M3 to climb 4.6 percent on year in February, the same pace as seen in January.

At 5.00 am ET, the European Commission is set to issue Eurozone economic sentiment survey results. The economic confidence index is seen at 113.3 in March versus 114.1 in February.

At 8.00 am ET, Hungary's central bank is set to announce its interest rate decision. The bank is expected to keep its key rate unchanged at 0.90 percent.

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