European Economics Preview: Germany ZEW Economic Sentiment Due

My FX Forum

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Economic confidence from Germany and unemployment from the UK are due on Tuesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's import prices for August. Economists forecast prices to climb 5.2 percent annually in August, following a 5 percent rise in July.

Finland GDP data is also due at 2.00 am ET.

At 3.00 am ET, producer prices from the Czech Republic and industrial production from Turkey are due. Economists forecast industrial output to fall 2.4 percent on month in August versus a 3.5 percent rise in July.

At 4.00 am ET, industrial orders from Italy and average gross wages from Poland are due. Poland's average gross wages are forecast to fall 0.2 percent month-on-month in September after easing 0.6 percent in August.

At 4.30 am ET, the Office for National Statistics is set to issue UK labor market statistics. The ILO jobless rate is forecast to remain unchanged at 4 percent in three months to August.

At 5.00 am ET, Germany's ZEW economic sentiment survey results are due. The economic confidence index is seen at -12 in October compared to -10.6 in September.

In the meantime, Eurostat is slated to publish euro area foreign trade data. The trade surplus is expected to rise to EUR 14.7 billion in August from EUR 12.8 billion in July.