European Economics Preview: Germany’s Unemployment Data Due

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

At 2.00 am ET, Destatis is set to issue Germany’s import prices for February. Economists forecast prices to fall 1.5 percent on year after easing 0.9 percent in January.

At 2.45 am ET, flash consumer prices and household spending from France are due. Household spending is expected to rise 0.7 percent on month in February, in contrast to a 1.1 percent fall in January.

At 3.00 am ET, gross wages and producer prices from Hungary and foreign trade from Turkey are due.

In the meantime, Spain’s INE publishes revised GDP data for the fourth quarter.

At 3.55 am ET, Germany’s unemployment data is due. The number of unemployed is forecast to rise 28,000 in March after falling 10,000 in February.

At 5.00 am ET, Eurostat releases euro area consumer price data. Economists forecast inflation to ease to 0.8 percent in March from 1.2 percent in February.

In the meantime, Italy’s Istat publishes preliminary inflation data for March. Economists forecast consumer prices to fall 0.4 percent annually after rising 0.3 percent in February.

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