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Financial News: European Economics Preview: UK Construction PMI Data Due

European Economics Preview: UK Construction PMI Data Due

07/01/2019 - 23:16:00 (RTTNews)

(RTTNews) - Construction Purchasing Managers' survey data and house prices from the UK are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany retail sales for May. Economists forecast sales to rise 0.5 percent on month, following a 2 percent drop in April.

In the meantime, UK Nationwide house price data is due. House prices are expected to advance 0.5 percent on year in June after climbing 0.6 percent in May.

At 3.00 am ET, the Hungarian Central Statistical Office releases final foreign trade data for April.

At 4.30 am ET, IHS Markit is slated to issue UK construction PMI data. Economists forecast the index to improve to 49.2 in June from 48.6 in May.

At 5.00 am ET, Eurostat publishes euro area producer prices for May. Prices are forecast to rise at a slower pace of 1.8 percent annually after increasing 2.6 percent in April.

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