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Financial News: European Economics Preview: Germany's Industrial Output, T

European Economics Preview: Germany's Industrial Output, Trade Data Due

05/08/2018 - 01:39:00 (RTTNews)

(RTTNews) - Industrial production and foreign trade figures from Germany are due on Tuesday, headlining a light day for the European economic news.

At 1.45 am ET, the Swiss State Secretariat for Economic Affairs is set to release unemployment data. The jobless rate is forecast to remain unchanged at 2.9 percent in April.

At 2.00 am ET, Destatis is slated to issue Germany's industrial output and foreign trade figures for March. Economists forecast industrial output to grow 0.9 percent on month, reversing a 1.6 percent drop in February.

Germany's exports are forecast to climb 1.8 percent on month and imports to grow 1 percent in March.

In the meantime, Statistics Norway publishes industrial production data for March.

At 3.00 am ET, industrial production data is due from Hungary. Output had increased 0.5 percent on month in February.

At 3.30 am ET, UK Halifax house price data is due for April. House prices are forecast to drop 0.2 percent on month, in contrast to a 1.5 percent rise in March.

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