European Economic News Preview: Germany Factory Orders Data Due
Factory orders and construction Purchasing Managers' survey
results from Germany are due on Wednesday, headlining a light day
for the European economic news.
At 2.00 am ET, Destatis is scheduled to publish Germany's
foreign trade figures for July. Orders are seen falling 4.0 percent
on month, reversing June's 7.0 percent increase.
At 3.00 am ET, the Czech Statistical Office releases industrial
output and foreign trade figures for July.
At 3.30 am ET, construction PMI data is due from Germany.
At 4.30 am ET, UK S&P Global/CIPS construction PMI survey
results are due. Economists forecast the construction PMI to fall
to 50.5 in August from 51.7 in July.
At 5.00 am ET, Eurostat is slated to release euro area retail
sales data for July. Sales are forecast to drop 0.1 percent on
month, slower than the 0.3 percent fall in June.
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