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Financial News: European Economics Preview: Eurozone Inflation, Unemployme

European Economics Preview: Eurozone Inflation, Unemployment Data Due

08/31/2017 - 00:50:00 (RTTNews)

(RTTNews) - Flash inflation and unemployment from euro area are due on Thursday, headlining a hectic day for the European economic news.

At 2.00 am ET, Destatis is set to release Germany's retail sales and unemployment figures. Sales are forecast to fall 0.6 percent on month in July, reversing a 1.4 percent rise in June.

At 2.45 am ET, flash inflation and producer price are due from France. Economists forecast consumer prices to climb 0.9 percent annually in August, faster than the 0.7 percent increase in July.

At 3.00 am ET, Spain's INE releases retail sales report for July. Sales are forecast to gain 2.2 percent annually after rising 2.8 percent in June.

In the meantime, producer prices data is due from Hungary.

At 3.55 am ET, Germany's Federal Labor Agency is scheduled to issue unemployment data. The jobless rate is forecast to remain unchanged at 5.7 percent in August.

At 4.00 am ET, unemployment from Italy and GDP from Poland are due. Italy's jobless rate is forecast to remain unchanged at 11.1 percent in July.

At 5.00 am ET, Eurostat is slated to issue euro area flash inflation and unemployment data. Economists forecast inflation to rise slightly to 1.4 percent in August from 1.3 percent in July. The jobless rate is forecast to remain unchanged at 9.1 percent in July.

In the meantime, Italy's consumer prices are due. Inflation is seen unchanged at 1.1 percent in August.

At 8.00 am ET, the Central Statistical Office is set to issue Poland's consumer prices for August. Inflation is seen rising to 1.8 percent in August from 1.7 percent in July.

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