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Unemployment and inflation data from the eurozone along with unemployment data from Germany and mortgage approvals statistics from the U.K. are due on Tuesday, headlining a busy day for European economic news. All times in ET.
Major economic news released on Monday were largely positive, with eurozone economic sentiment rising more than expected while U.K. consumer sentiment rose unexpectedly.
At 2:00 am, UBS bank is scheduled to release its Swiss consumption indicator for July. The index had stood at 1.81 in June.
Producer price data for July is due from the Hungarian statistical office at 3:00 am. Economists expect the producer price index to rise 9.6% year-on-year, faster than the 6.9% rise in the previous month.
Trade data for July is due from the Turkish Statistical Institute simultaneously. The trade deficit is seen rising to $5.8 billion from $5.6 billion in the previous month.
At 3:30 am, Italian think tank ISAE is due to release business sentiment data for August. The sentiment indicator is seen rising to 98.5 from 98.3 in the prior month.
Unemployment data for August is due from the German labor ministry at 3:55 am. Economists expect the number of unemployed persons to fall by 20,000, the same pace of decline as in July.
At 4:00 am, the Italian statistical office is set to release retail sales data for June. Retail sales are expected to rise by 0.1% on a monthly basis but fall 0.5% on an annual basis.
U.K. mortgage approvals statistics for July are due from the Bank of England at 4:30 am. Economists expect the number of approvals to total 46,500, less than the 47,600 in the previous month. Net consumer credit is expected to come in at zero, while secured lending is seen rising GBP 0.7 billion.
Revised M4 money supply data for July is due from the central bank at the same time. Preliminary data showed a 0.4% monthly rise.
At 5:00 am, Eurostat is due to release preliminary eurozone inflation data for August. The annual inflation rate is forecast to slow to 1.6% from 1.7% in July.
Eurozone unemployment data for July is due from Eurostat simultaneously. Economists expect the unemployment rate to remain unchanged at 10%.
Elsewhere, preliminary inflation data for August is due from the Italian statistical office. The consumer price index is seen rising by 0.2% on a monthly basis and by 1.6% on a yearly basis.
At 6:00 am, the Italian statistical office is due to release unemployment data for July. The unemployment rate was at 8.5% in June.
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