European Economics Preview: Eurozone Flash Inflation Data Due

Flash inflation from Eurozone and retail sales from Germany are the major reports due on Monday, headlining a busy day for the European economic news.

German retail sales figures are due from Destatis at 2.00 am ET. Retail sales growth is seen at 1.1 percent on a monthly basis in March, reversing a 1.1 percent drop in February.

The Spain's statistical office INE is set to release GDP data at 3.00 am ET. The economy is expected to contract 0.4 percent sequentially in the first quarter after easing 0.3 percent in the fourth quarter of 2011.

At 4.00 am ET, the European Central Bank is scheduled to release private sector credit data. Eurozone M3 money supply is expected to grow at a steady pace of 2.8 percent year-on-year in March.

Flash Eurozone inflation data is due at 5.00 am ET. Inflation is seen easing to 2.5 percent in April from 2.7 percent in March.

In the meantime, preliminary inflation data for April is due from Italy. EU harmonized inflation was 3.8 percent in March.