European Economics Preview: Germany Producer Prices Data Due
Producer prices from Germany and current account from euro area are due on Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis is scheduled to issue Germany’s producer prices for September. Economists forecast prices to fall 1.4 percent annually, after easing 1.2 percent in August.
At 4.00 am ET, the European Central Bank releases euro area current account data for August. The current account surplus is seen at EUR 17.2 billion compared to a EUR 16.6 billion surplus logged in July.
In the meantime, industrial production and producer prices are due from Poland. Industrial output is expected to grow at a faster pace of 3.8 percent after rising 1.5 percent in August.
At 8.00 am ET, Hungary’s central bank monetary policy announcement is due. Economists expect the bank to hold its key rate at 0.60 percent.