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Financial News: European Economics Preview: Germany's Factory Orders Data

European Economics Preview: Germany's Factory Orders Data Due

07/05/2018 - 01:03:00 (RTTNews)

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

At 2.00 am ET, Destatis is slated to issue Germany's factory orders for May. Economists forecast orders to grow 1.1 percent on month, in contrast to a 2.5 percent fall in April.

At 3.00 am ET, Spain's industrial production data is due. Industrial output is forecast to grow 1.7 percent on year in May, slower than the 1.9 percent increase seen in April.

At 3.15 am ET, Swiss consumer price data is due. Economists forecast inflation to rise slightly to 1.1 percent in June from 1 percent in May.

At 3.30 am ET, Statistics Sweden releases industrial output and orders for May. Production had increased 3.6 percent on year in April.

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