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Financial News: European Economics Preview: Germany Inflation, Unemploymen

European Economics Preview: Germany Inflation, Unemployment Data Due

05/30/2018 - 02:00:00 (RTTNews)

(RTTNews) - Flash consumer prices, unemployment and retail trade figures are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany's retail sales and unemployment data. Sales are forecast to rise 0.5 percent on month in April, reversing a 0.3 percent drop in March.

At 2.45 am ET, consumer spending and GDP figures are due from France. The statistical office is expected to confirm 0.3 percent sequential growth for the first quarter.

At 3.00 am ET, Spain's INE releases flash consumer prices and retail sales data. Inflation is forecast to rise to 1.7 percent in May from 1.1 percent in April.

In the meantime, Swiss KOF leading indicator is due. The index is seen at 104.7 in May versus 105.3 in April.

At 3.30 am ET, Statistics Sweden publishes GDP data for the first quarter. The economy is expected to grow 3.3 percent annually.

At 3.55 am ET, the Federal Labor Agency publishes German unemployment data. The jobless rate is forecast to remain unchanged at 5.3 percent in May.

At 5.00 am ET, European Commission is scheduled to issue euro area economic sentiment survey results. The economic sentiment index is seen falling to 112 in May from 112.7 in April.

At 8.00 am ET, Destatis is slated to issue Germany's flash inflation figures. Economists forecast inflation to rise to 1.9 percent in May from 1.6 percent in April.

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