Economic data release day for the UK and the euro area is set for Wednesday, featuring key updates including consumer and producer prices from the UK and revised GDP figures from the euro area.
At 2:00 AM ET, the UK Office for National Statistics will publish data on consumer and producer prices for July. Economists anticipate a rise in consumer inflation to 2.3%, up from 2.0% in June. On the production side, output price inflation is expected to decline slightly, from 1.4% in June to 1.2%.
Simultaneously, Statistics Sweden will release its consumer price index for July, with a modest increase in inflation from 2.6% in June to a forecasted 2.7%.
At 2:45 AM ET, the French statistical office INSEE is scheduled to reveal the final figures for consumer and harmonized prices for July. The consumer price inflation rate is predicted to rise to the initially estimated 2.3%, up from 2.2% in June.
Following this, at 3:30 AM ET, the Netherlands will release its preliminary GDP figures, along with household consumption and foreign trade statistics.
UK housing market data will be available at 4:30 AM ET, with house price inflation anticipated to increase to 2.6% in June, compared to 2.2% in May.
Finally, at 5:00 AM ET, Eurostat will publish the euro area's flash GDP data and industrial production figures. The office is expected to confirm a 0.3% quarter-on-quarter growth for Q2. Additionally, industrial production is projected to have rebounded by 0.5% in June, following a 0.6% decline in May.
