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2020.07.0203:47:00UTC+00European Economics Preview: Eurozone Unemployment Data Due

Unemployment data from euro area is due on Thursday, headlining a light day for the European economic news.

At 3.00 am ET, Spain's unemployment data for June is due. The number of people out of work had increased 26,600 in May.

In the meantime, the Hungarian Central Statistical Office is scheduled to release foreign trade figures for April.

At 4.00 am ET, unemployment data is due from Italy. Economists forecast the jobless rate to climb to 7.7 percent in May from 6.3 percent in April. At 5.00 am ET, Eurostat is scheduled to release euro area unemployment and producer price data. The jobless rate is expected to rise to 7.7 percent in May from 7.3 percent in April.

Eurozone producer prices are forecast to decline 4.8 percent annually, faster than the 4.5 percent drop seen in April.

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