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Financial News: European Economics Preview: Eurozone Economic Sentiment Da

European Economics Preview: Eurozone Economic Sentiment Data Due

08/30/2018 - 01:54:00 (RTTNews)

(RTTNews) - Economic confidence from euro area and flash consumer prices from Germany are due on Thursday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is set to issue Germany's foreign trade prices and unemployment figures. Import price inflation is forecast to rise to 5.2 percent in July from 4.8 percent in June.

In the meantime, UK Nationwide house price data is due. House price inflation is seen rising to 2.7 percent in August from 2.5 percent in July.

At 3.00 am ET, Spain's INE releases flash inflation figures for August. Inflation is seen unchanged at 2.2 percent.

In the meantime, Sweden's economic tendency survey results are due. The economic confidence index is forecast to fall to 109 in August from 109.6 in July.

At 3.55 am ET, Germany's unemployment data is due. The number of unemployed is forecast to fall 8,000 in August after decreasing 6,000 in July.

At 4.30 am ET, the Bank of England releases mortgage approvals for July. The number of mortgages approved in July is seen at 65,000 versus 65,600 in June.

At 5.00 am ET, European Commission is scheduled to publish economic sentiment survey results. The euro area economic confidence index is forecast to drop to 111.9 in August from 112.1 in July.

At 8.00 am ET, Germany's flash consumer price data is due. Economists expect flash inflation to remain stable at 2 percent in August.

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