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Tuesday, 17 December 2019

European Economics Preview: UK Unemployment Data Due

Unemployment data from the UK is due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, the European Automobile Manufacturers' Association releases passenger car registrations data. Sales had increased 8.7 percent on a yearly basis in October.

At 4.00 am ET, foreign trade data from Italy's Istat is due. The trade surplus is expected to rise to EUR 2.82 billion in October from EUR 2.77 billion in September.

At 4.30 am ET, the Office for National Statistics is scheduled to issue UK labor market data. The ILO jobless rate is forecast to rise to 3.9 percent in three months to October from 3.8 percent in three months to September.

Half an hour later, Eurostat releases euro area foreign trade data for October.

At 6.00 am ET, the Confederation of British Industry releases monthly Industrial Trends survey. The order book balance is forecast to rise slightly to 25 percent in December from -26 percent in November.

At 8.00 am ET, Hungary's central bank is slated to announce its rate decision. The bank is expected to hold its key rate at 0.90 percent.


The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2148476/

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