German & Euro Zone GDPs, UK Employment Report [Video]
|German and Euro Zone GDPs are out on this Tuesday along with the UK employment stats, so let’s take a closer look. Preliminary Second Quarter German GDP is out first at 6 AM. German economy grew at a pace of just point 3% in the year’s opening quarter, which was just half of fourth quarter’s pace. Final publication of the German Consumer Price Index for July will be available at 6 AM as well. Flash report indicated prices growing by point 3%. Swiss Producer Price Index for July follows at a quarter past 7 AM. The Producer and Import Price Index increased by point 2% in June when compared with the previous month, driven by higher prices for petroleum and timber products. Data run continues with the high importance UK Unemployment Report for July at 8:30. Previous report indicated unemployment rate staying unchanged at a multi decade low of 4.2%. It’s busy with Euro Zone publications at 9 AM, including the high importance Flash GDP Estimate for the second quarter. Euro Zone and German ZEW Surveys for August will be available at the same time and then the whole bloc’s Industrial Production stats for June wrap up the 9 AM data run. US Import Prices for July is the only North American release for the day and it’s out at a half past noon GMT. Prices were down by point 4% in June after surging by point 9% in May. A couple of Australian reports wrap up this agenda. Westpac Consumer Sentiment for August is published at a half past midnight and then the second quarter Wage Price Index at 1:30
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