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FX.co ★ European Economic News Preview: Eurozone Final Inflation Data Due

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typeContent_19130:::2024-08-20T06:50:00

European Economic News Preview: Eurozone Final Inflation Data Due

On Tuesday, key economic updates focus on final inflation and the current account from the euro area.

At 2:00 AM ET, Destatis will release Germany's producer prices for July. Economists predict a 0.8 percent year-over-year decline, following a 1.6 percent drop in June.

At 3:30 AM ET, Sweden's central bank will announce its monetary policy decision, with expectations pointing towards a 25 basis point cut in the key rate to 3.50 percent.

At 4:00 AM ET, the European Central Bank will unveil the euro area current account figures. Analysts anticipate an increase in the current account surplus to EUR 37.0 billion, up from EUR 36.7 billion in May.

At 5:00 AM ET, Eurostat will publish the euro area final inflation figures. The statistical office is expected to confirm inflation acceleration to 2.6 percent in July, compared to 2.5 percent in June.

Additionally, current account data from Italy is scheduled to be released.

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