Economic confidence in Germany and industrial production in the euro area will be the focus of key reports on Tuesday.
At 2:30 a.m. ET, Hungary’s Central Statistical Office will release its final data on industrial production. This report will show how Hungary’s factories and manufacturing sectors performed recently.
Half an hour later, at 3:00 a.m. ET, Spain’s National Statistics Institute (INE) will publish the final inflation figures for June. Earlier estimates showed consumer prices rising by 2.2% in June, up from 2.0% in May.
The most awaited report comes at 5:00 a.m. ET with the release of Germany’s ZEW economic sentiment survey. Economists expect the economic sentiment index to improve, rising to 50.8 in July from 47.5 in June. This survey measures the confidence of financial experts in Germany’s economy over the coming six months.
Alongside these, industrial production data for the euro area is due. Experts forecast a 0.6% increase in May, following a sharp 2.4% decline in April. This data shows how much goods are being made across the eurozone.
These reports will offer insight into how Europe’s economy is recovering from recent slowdowns. The ZEW survey is especially important as Germany is the largest economy in the region.
Monitoring these numbers helps investors and policymakers understand the current economic trends and plan accordingly.
