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Financial News: European Economics Preview: UK Labor Market Data Due

European Economics Preview: UK Labor Market Data Due

05/14/2019 - 00:05:00 (RTTNews)

(RTTNews) - Labor market statistics from the UK and economic sentiment from Germany are due on Tuesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is slated to release Germany's final consumer prices for April. The statistical office is expected to confirm 2 percent consumer price inflation.

Also, Finland's consumer price data is due at 2.00 am ET.

At 3.00 am ET, Spain's INE is set to issue final consumer prices for April. Final inflation is seen at 1.5 percent. In the meantime, industrial production is due from Turkey.

Half an hour later, Sweden consumer price data is due for April. Economists forecast inflation to rise slightly to 2.1 percent from 1.9 percent in March.

At 4.30 am ET, the UK Office for National Statistics releases unemployment data. The ILO jobless rate is seen at 3.9 percent in three months to March.

At 5.00 am ET, Germany's ZEW economic sentiment data is due. The economic confidence index is forecast to rise to 5.0 in May from 3.1 in April.

In the meantime, Eurostat publishes euro area industrial production for May. Economists forecast industrial output to drop 0.3 percent on month in March, following a 0.2 percent fall in February.

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