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InstaForex Loprais Team - Official participant of the Dakar rally

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InstaForex Loprais Team - Official participant of the Dakar rally

2019.07.2923:48:00UTC+00European Economics Preview: Eurozone Economic Confidence Data Due

Economic confidence from euro area and flash inflation from Germany are due on Tuesday, headlining a hectic day for the European economic news.

At 1.30 am ET, France Insee publishes first estimate for the second quarter GDP data. The economy is forecast to grow 0.3 percent sequentially, the same rate as seen in the first quarter.

At 2.00 am ET, Germany's GfK consumer confidence survey data is due. The consumer sentiment index is forecast to drop marginally to 9.7 in August from 9.8 in July.

At 2.45 am ET, France's household consumption data is due for June.

At 3.00 am ET, the Swiss KOF leading indicator for July is due. Economists expect the index to fall to 93.3 in July from 93.6 in June. In the meantime, the Hungarian Central Statistical Office publishes average gross wages data. Producer prices from Austria and economic sentiment from Turkey are also due.

At 3.30 am ET, Statistics Sweden releases GDP data for the second quarter.

At 5.00 am ET, the euro area economic sentiment survey data is due. The economic sentiment indicator is expected to decline to 102.7 in July from 103.3 in June. At the same time, the business confidence index is seen at 0.1 in July.

At 8.00 am ET, Destatis publishes Germany's consumer price data for July. Inflation is forecast to ease to 1.5 percent in July from 1.6 percent in June.

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