European Economics Preview: Germany Producer Price Data Due
20 Juni 2017 - 03:41AM
RTTF2
Producer prices from Germany and current account from euro area
are due on Tuesday, headlining a light day for the European
economic news.
At 1.45 am ET, the State Secretariat for Economic Affairs is set
to publish Swiss economic forecast.
At 2.00 am ET, Destatis is scheduled to issue Germany's producer
prices for May. Economists forecast prices to rise 2.9 percent
annually in May, following a 3.4 percent increase in April.
In the meantime, Statistics Finland releases unemployment data
for May. The jobless rate was 10.2 percent in April.
At 3.30 am ET, Sweden's unemployment figures are due. The
jobless rate is seen falling to 7.1 percent in May from 7.2 percent
in April.
At 4.00 am ET, the European Central Bank releases euro area
current account data for April. The surplus totaled EUR 34.1
billion in March.
At 8.00 am ET, Hungary's central bank announces its interest
rate decision. The bank is expected to keep its key rate unchanged
at 0.90 percent.
Also, Poland's industrial production and producer prices are due
for May. Output is forecast to grow 5.1 percent on month and
producer prices to gain 2.9 percent annually in May.
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