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Financial News: European Economics Preview: Germany Ifo Business Confidenc

European Economics Preview: Germany Ifo Business Confidence Data Due

09/23/2019 - 23:53:00 (RTTNews)

(RTTNews) - Business sentiment from Germany and public sector finance from the UK are due on Tuesday, headlining a light day for the European economic news.

At 1.00 am ET, labor force survey and producer prices figures are due from Statistics Finland.

At 2.45 am ET, the French statistical office Insee releases manufacturing sentiment data. The confidence index is expected to remain unchanged at 102 in September. At 4.00 am ET, Germany's Ifo business confidence survey results are due. Economists forecast the sentiment index to rise slightly to 94.5 in September from 94.3 in August.

In the meantime, Poland's unemployment data is due. Economists expect the jobless rate to remain stable at 5.2 percent in August.

At 4.30 am ET, the Office for National Statistics is slated to issue UK public sector finance data. The budget balance is forecast to show a deficit of GBP 7 billion in August versus a surplus of GBP 1.3 billion in July.

At 6.00 am ET, the Confederation of British Industry publishes monthly Industrial Trends survey results. The UK manufacturing order book balance is seen at -14 percent in September versus -13 percent in August.

At 8.00 am ET, Hungary's central bank is scheduled to announce the outcome of its monetary council meeting. The bank is likely to keep its benchmark rate unchanged at 0.90 percent.

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