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Financial News: European Economics Preview: Eurozone Current Account Data

European Economics Preview: Eurozone Current Account Data Due

07/20/2020 - 00:46:00 (RTTNews)

(RTTNews) - Current account data from euro area is due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to release Germany's producer prices for June. Prices are forecast to drop 1.6 percent annually, slower than the 2.2 percent fall seen in May.

At 3.00 am ET, unemployment data is due from Slovakia. Economists forecast the jobless rate to rise to 8 percent in June from 7.2 percent in May.

At 4.00 am ET, the European Central Bank releases euro area current account data for May. The surplus totaled EUR 14.4 billion in April.

In the meantime, industrial production and producer prices are due from Poland. Industrial production is expected to fall 6.9 percent on year in June, slower than the 17 percent fall seen in May. Economists forecast producer prices to drop 1 percent annually, smaller than the 1.5 percent fall in May.

At 6.00 am ET, Germany's central bank publishes monthly report.

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