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

European Economics Preview: UK Labor Market Data Due

08/13/2019 - 00:05:00 (RTTNews)

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

At 2.00 am ET, Destatis is slated to release Germany's final inflation data and wholesale prices. Economists expect the statistical office to confirm 1.7 percent consumer price inflation for July.

At 3.00 am ET, Spain's INE publishes final inflation figures for July. According to preliminary estimate, inflation rose to 0.5 percent from 0.4 percent in June.

In the meantime, second estimate for Hungary's June industrial production is due.

At 4.30 am ET, the Office for National Statistics is scheduled to issue UK labor market data. The 3-months to June, the ILO jobless rate is seen unchanged at 3.8 percent. Average weekly earnings are forecast to climb 3.7 percent annually in three months to June.

Half an hour later, Germany's ZEW economic sentiment survey results are due. The expectations index is seen at -28 in August versus -24.5 in July.

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