European Economics Preview: Eurozone Economic Confidence Data Due
27 February 2018 - 12:55PM
RTTF2
Economic sentiment from euro area and inflation from Germany are
due on Tuesday, headlining a busy day for the European economic
news.
At 2.45 am ET, France's Insee publishes consumer sentiment
survey results. The sentiment index is forecast to drop slightly to
103 in February from 104 in January.
At 3.00 am ET, Spain's flash consumer prices and Hungary's
unemployment figures are due. Spain's inflation is seen rising to
0.8 percent in February from 0.6 percent in January.
In the meantime, Sweden's National Institute of Economic
Research is set to issue economic tendency survey results. The
corresponding index is forecast to fall to 110 in February from
110.2 in January.
At 3.30 am ET, foreign trade data is due from Sweden. The trade
balance is expected to show a surplus of SEK 1.5 billion in January
compared to a shortfall of SEK 1.7 billion in December.
At 4.00 am ET, the European Central Bank releases euro area
money supply data. M3 is forecast to rise 4.6 percent year-on-year
in January, the same rate as seen in December.
In the meantime, Italy's business confidence survey data is
due.
At 5.00 am ET, Eurozone economic confidence survey results are
due. Economists forecast the sentiment index to fall to 114 in
February from 114.7 in January.
At 8.00 am ET, Destatis is slated to release Germany's flash
consumer prices for February. Inflation is forecast to ease to 1.5
percent from 1.6 percent in January.
Also, Hungary's central bank announces its interest rate
decision. The bank is expected to maintain its key rate at 0.90
percent.
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