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European Economics Preview: U.K. Inflation, German ZEW Survey Data Due

245 days ago

(RTTNews) - Consumer prices from the U.K. and ZEW survey results from Germany are due on Tuesday, headlining a light day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs is scheduled to release 2012 Swiss economic forecasts.

Europe's new car registration data is due from the European Automobile Manufacturers' Association at 2.00 am ET. Sales were down 2.9 percent in July.

Hungary's statistical office is set to release average gross wages for July. Economists expect wages to grow 4 percent year-on-year compared to 4.1 percent in June.

At 4.30 am ET, the Office for National Statistics is slated to publish U.K. consumer price figures for August. Annual inflation is seen easing to 2.5 percent from 2.6 percent in July.

In the meantime, Spain's T-Bill auction results are due. The government plans to raise between EUR 3.5 billion and EUR 4.5 billion from the issue of 12-month and 18-month treasury bills.

Half an hour later, Germany's ZEW survey results are due. The economic situation index is seen improving to -20 in September from -25.5 in August. The current conditions index is forecast to rise slightly to 18 from 18.2.

Turkey's central bank is set to announce interest rate decision at 7.00 am ET. The bank is widely expected to retain its key 1-week repo rate at 5.75 percent.

At 8.00 am ET, Poland's average gross wages are due. Wages are expected to rise 0.3 percent month-on-month and to grow 3 percent annually in August.

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