RTTNews - Tuesday, Eurozone and British consumer prices data are due. In addition, the Centre for European Economic Research, or ZEW is slated to release German economic sentiment survey results.
At 2.00am ET, the EU25 new car registrations data is due for May. European new passenger car registrations in April had fallen 12.3% from the same period of previous year.
At 3.15am ET, the Federal Statistical Office is slated to issue Switzerland's industrial production details for the first quarter. After declining 5.9% in the fourth quarter, production is forecast to drop 10% from the previous year.
The Italian and Austrian CPI reports are due at 4.00am ET. Italian annual inflation is seen at 0.9% in May and EU harmonized inflation at 0.8%.
Half an hour later, the Office for National Statistics or ONS is slated to release the British consumer prices data for the month of May. Annual inflation is forecast to slow to 2% from 2.3% in April. Meanwhile, retail prices are predicted to drop 1.5% annually, severe than the 1.2% decrease seen in April.
Eurozone CPI and labor cost data are due from the Eurostat at 5.00am ET. According to flash estimate, Eurozone annual inflation remained flat in May versus 0.6% in April, which was the lowest since records began in 1996. The statistical office is expected to confirm the initial estimate. On a yearly basis, Eurozone labor cost is expected to ease to 3% in the first quarter from 3.8% in the last quarter.
In the meantime, the German ZEW survey results are also due. German economic sentiment is expected to rise to 35 in June from 31.1 in May. Meanwhile, the current situation index is seen at minus 92.6 versus minus 92.8 last month.
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