European Economics Preview: German Ifo Business Sentiment Due

Business and consumer sentiment survey results are due from Germany on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Germany's GfK consumer confidence survey data is due. The forward-looking consumer sentiment index is seen unchanged at 9.7 in June.

Switzerland's UBS consumption indicator for April is also due at 2.00 am. The index stood at 1.51 in March.

At 3.00 am ET, Spain's INE publishes producer prices for April. Producer prices had declined 5.4 percent year-on-year in March.

At 4.00 am ET, Germany's Ifo business sentiment data is due. Economists forecast the business confidence index to rise to 106.8 in May from 106.6 in April. The current conditions index is seen at 113.4 versus 113.2 in the prior month.

In the meantime, Italy's industrial orders are due. Orders had increased 3.8 percent annually in February.

Also, Poland's unemployment figures are due at 4.00 am. The jobless rate is seen falling to 9.6 percent in April from 10 percent in March.

Switzerland's ZEW economic sentiment survey results are due at 5.00 am ET.

by RTT Staff Writer

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