European Economics Preview: UK Unemployment Data Due
16 Juni 2020 - 02:02AM
RTTF2
Unemployment from the UK and economic confidence from Germany
are due on Tuesday, headlining a light day for the European
economic news.
At 1.00 am ET, Finland's monthly national output data for April
is due.
At 1.45 am ET, the State Secretariat for Economic Affairs, or
SECO, releases Swiss Summer economic forecast.
At 2.00 am ET, the Office for National Statistics is scheduled
to issue UK labor market data. The unemployment rate is forecast to
rise to 4.5 percent in three months to April, from 3.9 percent in
three months to March.
In the meantime, Destatis is slated to publish Germany's final
consumer prices. According to initial estimate, inflation eased to
0.6 percent in May from 0.9 percent in April. This was the lowest
since 2016.
At 3.00 am ET, the Czech producer price data is due. Economists
forecast producer prices to fall 1.7 percent on a yearly basis,
following a 0.8 percent drop in April.
At 5.00 am ET, Germany's ZEW economic sentiment survey results
are due. The economic confidence index is expected to improve to 60
in June from 51.0 in May.
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