Tuesday, second estimate of Eurozone gross domestic product is due to release. Elsewhere, UK's Office for National Statistics is expected to depict a bleak picture of the British economy.

At 2.00am ET, the Statistics Estonia is scheduled to issue consumer price report for March. Consumer price inflation had fallen to 3.4% in February from 4.1% in January.

The Hungarian statistical office is slated to release a preliminary report for industrial production at 3.00am ET.

At 4.00am ET, Italian statistical office ISTAT is set to announce hourly wage report for February. Economists expect a 0.2% monthly increase and an annual increase of 3.3% for February.

Half an hour later, UK's Office for National Statistics is expected to publish a report on industrial and manufacturing output. Industrial output is forecast to fall 1.2% month-on-month in February and 12.5% year-on-year.

Similarly, manufacturing output is set to decline 1.5% from January and 14.2% from the previous year.

The Eurostat is scheduled to release second estimate on fourth quarter gross domestic product. GDP is expected to fall 1.5% quarter-on-quarter and 1.3% year-on-year.

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