European Economics Preview: Sweden Jobless Data, Hungarian Rate Choice Due

By | September 18, 2018

Unemployment figures from Sweden and the rates of interest statement from Hungary are the main events due on Tuesday with no major information scheduled from the big economies in Europe. Data Sweden is set to release the unemployment information for August at 3.30 am ET. Financial experts anticipate the figure to relieve to 6.30 percent from 6.40 percent in July.

The Hungarian reserve bank is set to announce its most current interest rate decision at 8 am ET. Policymakers at the Magyar Nemezeti Bank is extensively anticipated hold the key rate constant at 0.90 percent. The previous modification in the rate was a 15 basis points decrease in May 2016.

In other news, retail sales data for July is due from Turkey at 3 am ET.

At 4.00 am ET, the Italian statistical workplace ISTAT is arranged to release the commercial turnover and orders data for the June-July duration. In May, turnover grew 1.7 percent monthly and 5 percent year-on-year. Orders increased 3.6 percent from the previous month and 4.9 percent from a year back. Somewhere else, Poland’s statistical office is set to release the average wages data for August at 4 am ET. Financial experts expect gross wages to rise 7 percent year-on-year, but fall 0.3 percent from the previous month. In July, wages grew 7.2 percent year-on-year, however dropped 0.5 percent month-on-month.

Bank account data for the 2nd quarter is due from Malta’s analytical workplace at 5 am ET.

Information on producer rates for August from Russia is due at 9 am ET. Costs are anticipated rise 16.4 percent year-on-year after a 16.60 percent increase in July.

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