European Economics Preview: Germany Ifo Business Confidence Due

Business sentiment survey from Germany is due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Switzerland's UBS consumption indicator is due for December. The indicator stood at 1.43 in November.

At 2.45 am ET, the French statistical office Insee is scheduled to publish manufacturing confidence for January. Economists forecast the index to remain unchanged at 106.

At 3.00 am ET, producer prices from Spain and GDP from Austria are due. Austria's economy had expanded 0.4 percent in the third quarter.

At 4.00 am ET, Germany's Ifo business sentiment survey data is due. The business confidence index is seen rising to 111.3 in January from 111 in December.

In the meantime, Poland's unemployment data is due. The jobless rate is forecast to rise to 8.3 percent in December from 8.2 percent in January.

At 6.00 am ET, the Confederation of British Industry is scheduled to issue Industrial Trends survey data. The industrial orders balance is forecast to rise to 2 percent in January from zero in December.

by RTT Staff Writer

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