European Economics Preview: Eurozone Economic Confidence Data Due

Economic confidence survey results from euro area and consumer prices from Germany are due on Monday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis releases Germany's import prices for April. Import prices are forecast to drop 6.2 percent annually in April following a 5.9 percent drop in March.

At 2.45 am ET, the French statistical office Insee publishes consumer spending and revised quarterly national accounts. Economists forecast spending to rise 0.1 percent on month in April after climbing 0.2 percent in March.

At 3.00 am ET, flash consumer prices are due from Spain. In April, consumer prices declined 1.1 percent year-on-year.

The Swiss KOF leading indicator for May is also due at 3.00. The indicator is seen at 102.8 in May versus 102.7 in April.

At 3.30 am ET, Statistics Sweden publishes GDP data. The economy is forecast to grow 4.1 percent on a yearly basis in the first quarter.

Half an hour later, Statistics Norway is set to issue retail sales and unemployment figures. Sales are forecast to grow 0.9 percent on a monthly basis in March reversing a 0.7 percent fall in February.

At 5.00 am ET, Eurozone economic confidence survey results are due. The economic sentiment index is seen rising to 104.4 in May from 103.9 in April.

At 6.00 am ET, Italy's producer prices are due for April. Prices had declined 3.9 percent on a yearly basis in March.

At 8.00 am ET, Destatis is set to issue German consumer prices for May. Prices are forecast to rise 0.1 percent on a yearly basis in May versus a 0.1 percent fall in April.

by RTT Staff Writer

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