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Financial News: European Economics Preview: Sweden Jobless Data, Hungarian

European Economics Preview: Sweden Jobless Data, Hungarian Rate Decision Due

09/18/2018 - 01:55:00 (RTTNews)

(RTTNews) - Unemployment figures from Sweden and the interest rate announcement from Hungary are the main events due on Tuesday with no major data scheduled from the big economies in Europe. Statistics Sweden is set to release the unemployment data for August at 3.30 am ET. Economists expect the figure to ease to 6.30 percent from 6.40 percent in July.

The Hungarian central bank is set to announce its latest interest rate decision at 8 am ET. Policymakers at the Magyar Nemezeti Bank is widely expected hold the key rate steady at 0.90 percent. The previous change in the rate was a 15 basis points reduction in May 2016.

In other news, retail sales data for July is due from Turkey at 3 am ET.

At 4.00 am ET, the Italian statistical office ISTAT is scheduled to release the industrial turnover and orders data for the June-July period. In May, turnover grew 1.7 percent monthly and 5 percent year-on-year. Orders rose 3.6 percent from the previous month and 4.9 percent from a year ago. Elsewhere, Poland's statistical office is set to publish the average wages data for August at 4 am ET. Economists expect gross wages to rise 7 percent year-on-year, but fall 0.3 percent from the previous month. In July, wages grew 7.2 percent year-on-year, but dropped 0.5 percent month-on-month.

Current account data for the second quarter is due from Malta's statistical office at 5 am ET.

Data on producer prices for August from Russia is due at 9 am ET. Prices are expected rise 16.4 percent year-on-year after a 16.60 percent increase in July.

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