Eurozone Economic Confidence Data Due On Monday

Eurozone economic confidence data and preliminary German inflation figures are some of the important economic data scheduled for release on Monday.

At 5 am ET, the European Commission will release the results of its economic climate survey for the Eurozone. The economic sentiment index is forecast to drop to 99.9 in September from 100.6 in August.

The Eurozone consumer sentiment index is expected to remain unchanged at -11.4. The industrial sentiment index is expected to decrease to -5.8 from -5.3 in August. The business climate index is estimated to edge down to 0.12 in September from 0.16 in August.

At 3 am ET, Spanish statistical office INE is scheduled to release its preliminary consumer prices and retail sales reports. Consumer prices are expected to fall 0.2 percent year-over-year in September following the 0.5 percent drop in August. The harmonized index of consumer prices is estimated to drop 0.3 percent, after the 0.5 percent decline in August. In July, retail sales had decreased 0.50 percent year-over-year.

Around the same time, Turkstat is due to release its consumer confidence report for September. In August, the consumer confidence index was at 73.2.

At 3:30 am ET, Statistics Sweden is scheduled to release its retail sales report. Retail sales are expected to rise 3.4 percent year-over-year in August following the 2.3 percent increase in July. On a month-over-month basis, retail sales are forecast to rebound by 0.6 percent in August, after the 0.7 percent decline in July.

At 4:30 am ET, the Bank of England is scheduled to release U.K. mortgage approvals and money supply data. The consensus estimate calls for a decline in mortgage approvals to 64,800 in August from 66,600 in July. In July, M4 money supply had declined 1 percent year-over-year but increased 0.3 percent month-over-month.

At 8 am ET, Destatis is due to release its preliminary consumer prices report. Consumer prices are expected to grow 0.8 percent year-over-year in September, the same rate as in August. The harmonized index of consumer prices are estimated to rise 0.7 percent year-over-year in September, which is slower than the 0.8 percent increase in August. On a month-over-month basis, consumer prices and the HICP are estimated to drop 0.1 percent, after remaining unchanged in August.

Published: 2014-09-29 05:44:00 UTC+00

Eurozone Economic Confidence Data Due On Monday