European Economics Preview: U.K. CBI Distributive Trade Report Due

By @ibtimes on

RTTNews - Tuesday, no major economic reports are due from major European nations, except British Distributive Trade Survey results and Switzerland's consumption indicator.

At 2.00am ET, Switzerland's consumption indicator for June is due from the UBS. The indicator reading was 0.772 in May.

At 3.00am ET, the Czech Statistical Office is scheduled to issue industrial production for June. Industrial production had decreased 21.7% year-over-year in May.

Half an hour later, a slew of statistical reports are due. Reports due from the Statistics Sweden are PPI and retail sales. Producer price annual inflation is seen at 2% in June, down from 2.9% in May. Meanwhile, retail sales are forecast to grow at a slower pace of 2% in June compared to 4.4% in the prior month.

In the meantime, the Italian research institute ISAE is slated to release consumer confidence for July. Consumer confidence is forecast to rise to 105.8 from 105.4 in June. At the same time, Dutch producer confidence is due from the Statistics Netherlands.

The Confederation of British Industry is set to release monthly Distributive Trades Survey results at 6.00am ET. According to the previous survey, 31% of retailers said sales volumes rose in the first two weeks of June, while 48% said they were down, resulting in a balance of minus 17%.

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