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Financial News: European Economics Preview: Germany's GDP, Economic Sentim

European Economics Preview: Germany's GDP, Economic Sentiment Data Due

11/14/2017 - 01:37:00 (RTTNews)

(RTTNews) - Quarterly national accounts and economic confidence from Germany and inflation 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 and final CPI data. The largest euro area economy is forecast to grow 0.6 percent sequentially in the third quarter.

In the meantime, final consumer price figures are due from Germany. Inflation is expected to match the flash estimate of 1.6 percent in October.

At 3.00 am ET, GDP from the Czech Republic and Hungary are due. Also, Spain's INE releases final CPI data.

At 3.15 am ET, Switzerland's Federal Statistical Office releases producer and import prices for October. Producer and import prices had climbed 0.8 percent annually in September.

At 3.30 am ET, Statistics Sweden is set to publish consumer price figures for October.

At 4.00 am ET, Italy's GDP data is due. The economy is forecast to grow 0.5 percent on quarter in three months to September.

At 4.30 am ET, the Office for National Statistics is slated to issue UK consumer and producer prices for October. Inflation is seen rising to 3.2 percent from 3 percent in September.

At 5.00 am ET, Eurostat publishes euro area GDP and industrial production reports. The currency bloc is forecast to grow 0.6 percent in the third quarter, in line with flash estimate.

Economists forecast Eurozone industrial output to fall 0.6 percent on month in September, reversing a 1.4 percent rise in August.

In the meantime, Germany's ZEW economic sentiment survey data is due. The economic confidence index is expected to rise to 18.1 in November from 17.6 in October.

Also, Greece GDP and Italy's final inflation figures are due at 5.00 am ET.

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