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Financial News: European Economics Preview: Eurozone GDP, Inflation Data D

European Economics Preview: Eurozone GDP, Inflation Data Due

07/31/2018 - 01:59:00 (RTTNews)

(RTTNews) - Quarterly national accounts, inflation and unemployment from euro area are due on Tuesday, headlining a busy day for the European economic news.

At 2.45 am ET, France's Insee releases preliminary consumer prices for July. Inflation is forecast to rise to 2.1 percent from 2 percent in June.

At 3.00 am ET, Spain's INE publishes GDP data. The economy is forecast to grow 0.7 percent sequentially in the second quarter.

At 3.55 am ET, Germany's unemployment data is due from Federal Labor Agency. The number of unemployed is forecast to decline by 10,000 in July.

At 4.00 am ET, Italy's unemployment figures are due. Economists expect the jobless rate to rise slightly to 10.8 percent in June from 10.7 percent in May.

At 5.00 am ET, Eurostat releases preliminary flash estimate for euro area GDP. The economy is forecast to expand at a steady pace of 0.4 percent in the second quarter.

Also, Eurozone flash inflation and unemployment reports are due at 5.00 am ET. Economists forecast inflation to remain unchanged at 2 percent in July. The jobless rate is seen easing to 8.3 percent in June from 8.4 percent in May.

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