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Financial News: European Economics Preview: UK Mortgage Approvals Data Due

European Economics Preview: UK Mortgage Approvals Data Due

07/29/2020 - 00:31:00 (RTTNews)

(RTTNews) - Mortgage approvals the UK and consumer confidence from France are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany's import prices for June. Economists forecast prices to fall 5.1 percent on year, slower than the 7 percent decrease seen in May.

At 2.45 am ET, France's statistical office Insee is set to publish consumer sentiment survey results. The confidence index is seen rising to 99 in July from 97 in June. At 3.00 am ET, the Swedish National Institute of Economic Research releases economic tendency survey data.

In the meantime, retail sales from Spain, unemployment from Hungary and foreign trade figures from Turkey are due. Economists forecast Spain retail sales to decline 17.6 percent annually in June, following a 19 percent drop in May.

At 4.00 am ET, producer prices from Italy and manufacturing PMI data from Austria are due.

Half an hour later, Bank of England is scheduled to issue UK mortgage approvals data for June. The number of mortgages approved in June is forecast to advance to 33,900 from 9,273 in May.

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