RTTNews - Tuesday, UK's external trade data and German consumer prices are expected to dominate the newsflow from European economies.

At 2.00am ET, Germany's Federal Statistical Office is scheduled to issue the final CPI data for July. According to preliminary estimate, consumer prices dropped 0.6% annually in July, which was the first annual decline since March 1987. At the same time, the wholesale trade price index for July is also due.

Thereafter, the Czech Statistical Office is slated to issue construction and industrial production details for June. Meanwhile, the Hungarian Central Statistical Office is set to release the CPI data. Economists forecast annual inflation to rise to 6.1% in July from 3.7% in June.

At 3.30am ET, the Dutch manufacturing output and Swedish CPI reports are due. Swedish consumer prices are predicted to drop 1% year-on-year in July, following a 0.6% fall in June. On a monthly basis, decline is seen at 0.6%.

At 4.30am ET, UK's Office for National Statistics is slated to release trade balance for June. The visible trade deficit is seen at GBP 6.2 billion compared to May's GBP 6.26 billion. At the same time, total trade deficit is expected to widen to GBP 2.3 billion from GBP 2.1 billion recorded in May. In the meantime, the DCLG house price index is also expected.

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