European Economics Preview: Eurozone Economic Confidence Data Due
Economic confidence from euro area and mortgage approvals data from the UK are due on Tuesday, headlining a busy day for the European economic news.
At 2.45 am ET, the statistical office Insee publishes France’s monthly consumer confidence survey data for September. The consumer sentiment index is forecast to fall marginally to 93.0 from 94 in August.
At 3.00 am ET, Sweden’s National Institute of Economic Research is scheduled to issue consumer and manufacturing confidence data.
In the meantime, flash consumer prices and retail sales from Spain and unemployment from Hungary are due. Spain’s consumer prices are forecast to drop 0.5 percent annually in September, the same pace of decrease as seen in August.
At 4.00 am ET, Italy’s Istat is slated to release producer prices for August.
Half an hour later, the Bank of England publishes mortgage approvals data for August. The number of mortgage approvals is forecast to rise to 73,000 from 66,300 in July.
At 5.00 am ET, European Commission releases economic sentiment survey data. The euro area economic confidence is forecast to rise to 89 in September from 87.7 in August.
At 8.00 am ET, Destatis is set to issue Germany’s flash consumer prices for September. Consumer prices are forecast to drop 0.1 percent on year, after staying flat in August.