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Financial News: European Economics Preview: Germany's GDP Data Due

European Economics Preview: Germany's GDP Data Due

05/15/2018 - 01:02:00 (RTTNews)

(RTTNews) - Quarterly national accounts from Germany and euro area and labor market statistics from the UK are due on Tuesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany's GDP data. Gross domestic product is forecast to grow 0.4 percent sequentially in the first quarter, slower than the 0.6 percent rise seen in the fourth quarter.

In the meantime, GDP figures are due from Norway and Finland.

At 2.45 am ET, France's Insee releases final inflation data for April. Inflation is expected to match the flash estimate of 1.6 percent.

At 3.00 am ET, GDP data from the Czech Republic and Hungary, and unemployment from Turkey are due.

At 3.15 am ET, the Federal Statistical Office is slated to issue Swiss producer and import prices for April.

At 4.30 am ET, the Office for National Statistics publishes UK labor market statistics. The ILO jobless rate is seen unchanged at 4.2 percent in three months to March.

At 5.00 am ET, Eurozone flash GDP estimate is due. Th economy is expected to grow 0.4 percent in the first quarter, in line with previous estimate.

Also, Germany's ZEW economic confidence survey data is due. The economic confidence index is expected to remain unchanged at -8.2 in May.

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