Industrial production and foreign trade figures from Germany are due on Tuesday, headlining a busy day for the European economic news.
At 1.45 am ET, the State Secretariat for Economic Affairs is set to publish Swiss unemployment data for April. The jobless rate is seen unchanged at a seasonally adjusted 3.5 percent.
At 2.00 am ET, Destatis is set to publish German industrial output and foreign trade reports. Industrial output is forecast to drop 0.2 percent on a monthly basis in March, following a 0.5 percent decrease in February.
German exports are expected to remain flat in March and imports to drop 0.3 percent on a monthly basis.
At 2.30 am ET, the Bank of France is set to publish business sentiment survey data. The business confidence index is seen at 100 in April versus 99 in March.
At 2.45 am ET, industrial output data is due from the French statistical office Insee. Production is forecast to expand 0.6 percent month-on-month in March, reversing a 1 percent fall in February.
At 3.00 am ET, consumer prices are due from Hungary and the Czech Republic. Economists expect Hungary's consumer prices to drop 0.1 percent annually in April, following a 0.2 percent decrease in March.
Inflation in the Czech Republic is seen unchanged at 0.3 percent in April. Also, Turkey's current account data is also due at 3.00 am ET.
At 4.00 am ET, Italy's industrial output data is due. Production is forecast to grow 0.3 percent month-on-month in March, reversing a 0.6 percent fall in February.
In the meantime, Statistics Norway releases consumer and producer prices and industrial production data. Consumer prices are forecast to rise 3.2 percent on a yearly basis in April after increasing 3.3 percent in March.
At 4.30 am ET, the Office for National Statistics publishes foreign trade data. The U.K. visible trade gap is seen at GBP 11.45 billion in March compared to GBP 11.96 billion in February.
by RTT Staff Writer
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