European Economic News Preview: Eurozone Flash GDP Data Due

RTTNews | 504 dni temu

(RTTNews) - Flash quarterly national accounts from Eurozone and other major euro area economies are due on Tuesday, headlining a hectic day for the European economic news.

At 1.30 am ET, France's statistical office INSEE is scheduled to release flash GDP and consumer spending figures. The second largest euro area economy is forecast to grow 0.1 percent sequentially in the first quarter, the same pace as seen in the fourth quarter.

At 2.00 am ET, Destatis publishes Germany's retail sales, import prices and ILO jobless rate data. Import prices are expected to decline 3.8 percent annually in March, following a 4.9 percent drop in February. Economists forecast retail sales to grow 1.5 percent on month in March, in contrast to the 1.9 percent fall in the previous month.

At 2.30 am ET, preliminary GDP figures are due from Hungary.

At 2.45 am ET, flash consumer prices and producer prices are due from France. Economists forecast consumer price inflation to ease to 2.1 percent in April from 2.3 percent in March.

At 3.00 am ET, preliminary GDP data is due from Spain, the Czech Republic and Austria are due. Spain GDP is expected to log a slower growth of 0.4 percent in the first quarter after rising 0.6 percent a quarter ago.

At 3.55 am ET, the Federal Labor Agency publishes Germany's unemployment data. The jobless rate is seen unchanged at 5.9 percent in April.

At 4.00 am ET, flash GDP data from Germany and Italy are due. The German economy is expected to shrink 0.2 percent in the first quarter after posting a similar contraction in the preceding period.

At 4.30 am ET, the Bank of England is set to release mortgage approvals data. The number of mortgages approved in March is expected to rise to 61,000 from 60,383 in February.

At 5.00 am ET, Eurostat publishes euro area flash GDP and inflation figures. The currency bloc is expected to expand 0.1 percent in the first quarter after staying stable in the fourth quarter. The inflation is expected to remain unchanged at 2.4 percent in April.

U.S. Homebuilder Confidence Holds Steady In September

Homebuilder confidence in the U.S. held steady in the month of September, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August. Economists had expected the index to inch up to 33.

RTTNews | 31 minut temu

U.S. Industrial Production Unexpectedly Inches Slightly Higher In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production crept up by 0.1 percent in August after falling by a downwardly revised 0.4 percent in July. Economists had expected industrial production to slip by 0.1 percent.

RTTNews | 48 minut temu

U.S. Import Prices Unexpectedly Increase In August

A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August. The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July. Economists had expected import prices to edge down by 0.1 percent.

RTTNews | 1g 5 minut temu

Canadian Market Drifts Lower In Cautious Trade

The Canadian market is down in negative territory Tuesday morning, as data showing an increase in the nation's consumer price inflation dimmed the extent of rate cuts this year although the Canadian central bank is widely expected to lower interest rate by 25 basis points on Wednesday.

RTTNews | 1g 31 minut temu

U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August. The report said retail sales climbed by 0.6 percent in August, matching an upwardly revised increase in July. Economists had expected retail sales to inch up by 0.2 percent compared to the 0.5 percent growth originally reported for the previous month.

RTTNews | 2g 32 minut temu

U.S. Industrial Production Unexpectedly Inches Up 0.1% In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday.

RTTNews | 3g 58 minut temu

Eurozone Industrial Production Recovers In July

Eurozone industrial production recovered at a moderate pace in July due to the rebound in consumer and capital goods output despite tariff threats, official data showed Tuesday. Industrial production registered a monthly growth of 0.3 percent, in contrast to the 0.6 percent decrease in June, Eurostat reported. However, the rate was slightly weaker than the forecast of 0.4 percent.

RTTNews | 4g 24 minut temu

U.S. Import Prices Unexpectedly Rise 0.3% In August

A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August.

RTTNews | 4g 40 minut temu

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