European Economics Preview: UK Consumer Prices Forecast To Rise

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Consumer price inflation figures from the United Kingdom, France and Spain are due on Tuesday, headlining a busy day for European economic news.

At 1:45am ET, Switzerland's State Secretariat for Economic Affairs is slated to issue its economic forecast report.

At 2:45 am ET, the French statistical office INSEE is set to release consumer price data for November. Year-on-year, the consumer price index is forecast to rise 0.5%, rebounding from the 0.2% decrease in the previous month. The monthly inflation rate is seen at 0.3%.

Consumer price inflation figures are due from Spain's National Statistics Institute at 3:00 am ET. Consumer prices are tipped to rise 0.4% annually in November compared to the 0.7% fall in the previous month. On a monthly basis, prices are expected to climb 0.6%.

Simultaneously, the Czech Statistical Office is expected to issue producer price data for November. The producer price index is forecast to slide 2.8% on year compared to the 4.6% decrease in the prior month. Import and export price data for October is also due from the statistical office at the same time. Elsewhere, revised industrial output figures for October are due from Hungary's Central Statistical Office.

At 3:15 am ET, Switzerland's Federal Statistical Office is slated to release industrial production data for the third quarter. Year-on-year, industrial output is forecast to drop 9.6%, slower than the 14.9% decrease in the last quarter.

Retail sales data is due from the Netherland's Central Bureau of Statistics at 3:30 am ET. Retail sales are forecast to drop 4% annually in October compared to the 5.4% fall in September. October's trade data is also due from the statistical office.

Half an hour later, Statistics Norway is expected to issue trade data for November. Simultaneously, hourly wage data is set for release from the Italian statistical office.

At 4:30 am ET, the UK's Office for National Statistics is slated to issue consumer price figures for November. The consumer price index is expected to rise 1.8% year-on-year, larger than the 1.5% increase in the previous month. The monthly inflation rate is seen at 0.2%. House price data for October is due from the UK's Department of Communities and Local Government at the same time.

At 5:00 am ET, the Centre for European Economic Research or ZEW is expected to release economic sentiment survey results for Germany. The economic sentiment indicator for Germany is seen at 50 in December, down from 51.1 in the previous month. The current conditions index is expected to rise to minus 60.1 from minus 65.6. Meanwhile, the economic sentiment indicator for the Eurozone is seen at 49.9 in December compared to 51.8 in November.

Consumer price inflation figures from the United Kingdom, France and Spain are due on Tuesday, headlining a busy day for European economic news. (Market News Provided by RTTNews)