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European Economics Preview: UK Unemployment Data Due

Unemployment from the UK and economic confidence from Germany are due on Tuesday, headlining a light day for the European economic news.

At 1.00 am ET, Finland’s monthly national output data for April is due.

At 1.45 am ET, the State Secretariat for Economic Affairs, or SECO, releases Swiss Summer economic forecast.

At 2.00 am ET, the Office for National Statistics is scheduled to issue UK labor market data. The unemployment rate is forecast to rise to 4.5 percent in three months to April, from 3.9 percent in three months to March.

In the meantime, Destatis is slated to publish Germany’s final consumer prices. According to initial estimate, inflation eased to 0.6 percent in May from 0.9 percent in April. This was the lowest since 2016.

At 3.00 am ET, the Czech producer price data is due. Economists forecast producer prices to fall 1.7 percent on a yearly basis, following a 0.8 percent drop in April.

At 5.00 am ET, Germany’s ZEW economic sentiment survey results are due. The economic confidence index is expected to improve to 60 in June from 51.0 in May.

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