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Financial News: European Economics Preview: German GfK Consumer Sentiment

European Economics Preview: German GfK Consumer Sentiment Data Due

08/27/2019 - 23:55:00 (RTTNews)

(RTTNews) - Consumer confidence survey data from Germany is due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the market research group GfK releases Germany's consumer sentiment data. The forward-looking consumer sentiment index is expected to drop slightly to 9.6 in September from 9.7 in August.

In the meantime, Destatis is scheduled to issue Germany's import prices for July. Economists forecast import prices to fall 2 percent annually, the same rate of decrease as seen in June.

At 3.30 am ET, Sweden retail sales data for July is due.

At 4.00 am ET, the European Central Bank publishes money supply data. Eurozone M3 is expected to grow 4.7 percent on year in July, after expanding 4.5 percent in June.

Italy's consumer and business sentiment survey results are also due at 4.00 am ET. The consumer sentiment index is seen at 112.7 in August versus 113.4 in July.

Also, IHS Markit releases Austria manufacturing Purchasing Managers' survey data at 4.00 am.

At 4.55 am ET, Iceland's central bank interest rate decision is due.

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