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Financial News: European Economics Preview: Germany Unemployment Data Due

European Economics Preview: Germany Unemployment Data Due

05/28/2019 - 23:15:00 (RTTNews)

(RTTNews) - Unemployment from Germany and flash inflation from France are due on Wednesday, headlining a busy day for the European economic news.

At 2.45 am ET, the French statistical office Insee publishes flash inflation and final GDP data. Producer prices and household consumption figures are also due. Consumer price inflation is forecast to slow to 1.1 percent in May from 1.3 percent in April.

Gross domestic product is forecast to expand 0.3 percent sequentially in the first quarter, in line with the preliminary estimate published on April 30.

At 3.00 am ET, Swiss KOF economic barometer is due. Economists forecast the index to rise to 96.5 in May from 96.2 in April.

In the meantime, Hungary's unemployment data is due. The jobless rate is seen unchanged at 3.6 percent in April.

At 3.30 am ET, Statistics Sweden publishes first quarter GDP data. Economists forecast the economy to grow 1.7 percent year-on-year after rising 2.4 percent in the previous quarter.

At 3.55 am ET, the Federal Labor Agency is slated to issue Germany's unemployment data. The jobless rate is forecast to remain unchanged at 4.9 percent in May and the number of unemployed to drop 8,000 from April.

At 4.00 am ET, Italy's business and consumer sentiment survey results. The consumer sentiment index is seen at 110.1 in May compared to 110.5 in April.

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