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Financial News: European Economics Preview: Eurozone Inflation, Unemployme

European Economics Preview: Eurozone Inflation, Unemployment Data Due

05/31/2018 - 01:58:00 (RTTNews)

(RTTNews) - Inflation and unemployment from euro area and house prices from the UK are due on Thursday, headlining a busy day for the European economic news.

At 2.00 am ET, UK Nationwide house prices figures are due. Economists forecast house prices to climb 0.2 percent on month in May, the same pace of increase as seen in April.

At 2.45 am ET, France's Insee publishes flash inflation and producer price data. Consumer price inflation is forecast to rise to 1.8 percent in May from 1.6 percent in April.

At 3.00 am ET, Spain's final GDP data is due. The statistical office is expected to confirm 0.7 percent sequential growth for the first quarter.

At 3.15 am ET, the Federal Statistical Office publishes Swiss retail sales data for March.

At 4.30 am ET, the Bank of England is scheduled to issue mortgage approvals for April. The number of mortgages approved in April is forecast to rise to 63,500 from 62,900 in March.

At 5.00 am ET, Eurostat is slated to release euro area inflation and unemployment figures. Inflation is expected to accelerate to 1.6 percent in May from 1.2 percent in April.

The euro area jobless rate is forecast to drop to 8.4 percent in April from 8.5 percent in March.

In the meantime, Italy's flash consumer price data is due. Economists forecast inflation to rise to 0.8 percent in May from 0.5 percent in April.

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