European Economics Sneak peek: UK Inflation Data Due

By | June 13, 2017

Customer prices from the UK and financial self-confidence from Germany are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to provide Germany’s wholesale costs for May. Costs had actually increased 4.7 percent year-on-year in April.

At 3.00 am ET, Spain’s INE releases customer rates for May. Inflation is seen at a 5-month low of 1.9 percent in May, in line with flash price quote released on May 30.

Half an hour later on, Stats Sweden publishes customer rates for May. Financial experts forecast inflation to slow to 1.6 percent in May from 1.9 percent in April.

At 4.30 am ET, the Workplace for National Stats is scheduled to provide UK customer and producer costs for May. Inflation is seen the same at 2.7 percent in May.

Economic experts forecast output rates to climb 3.6 percent every year, the exact same rate of development as seen in April.

At 5.00 am ET, Germany’s ZEW financial confidence survey outcomes are due. The financial sentiment index is anticipated to rise to 21.7 in June from 20.6 in May.

The material has been offered by InstaForex Business – www.instaforex.com

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