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Financial News: European Economics Preview: Eurozone Economic Confidence D

European Economics Preview: Eurozone Economic Confidence Data Due

08/30/2017 - 01:36:00 (RTTNews)

(RTTNews) - Economic sentiment from euro area and mortgage approvals from the UK are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, Switzerland's UBS consumption indicator is due.

At 3.00 am ET, Spain's INE releases flash inflation data for August. Inflation is expected to rise to 1.7 percent from 1.5 percent in July.

In the meantime, Hungary's unemployment data for July. The jobless rate is seen at 4.1 percent versus 4.3 percent in June.

In the meantime, the National Institute of Economic Research is set to issue Sweden's economic tendency survey data for August.

The Swiss KOF leading index is also due at 3.00 am ET. Economists forecast the index to rise to 107 in August from 106.8 in July.

At 4.30 am ET, the Bank of England is scheduled to issue UK mortgage approvals data. The number of mortgages approved in July is seen at 65,500 compared to 64,700 in June.

At 5.00 am ET, the European Commission is set to release economic sentiment survey results. Economists forecast the Eurozone indicator to rise slightly to 111.3 in August versus 111.2 in July.

At 6.00 am ET, Italy's producer prices are due for July. Prices advanced 3.1 percent year-on-year in June.

At 8.00 am ET, Germany's preliminary inflation data is due for August. Inflation is expected to rise to 1.8 percent from 1.7 percent in July.

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