Economic forecasts from the European Commission is due on Tuesday, headlining a light day for the European economic news.
At 3.00 am ET, Spain’s labor ministry is set to issue unemployment data for April. Romania’s producer prices data for March is also due.
At 3.30 am ET, Statistics Sweden is set to publish industrial production and orders data. Production is expected to rise 0.2 percent on a monthly basis in March after falling 0.1 percent in February.
At 4.30 am ET, Markit is set to release U.K. Purchasing Managers’ survey results. The construction PMI is seen at 57.4 in April versus 57.8 in March.
Half an hour later, the EU Spring Economic Forecasts report is due. According to Winter forecast, the euro area will grow 1.3 percent this year and 1.9 percent in 2016.
Also, Eurostat is set to release producer prices data for March at 5.00 am. Producer prices are forecast to fall 2.3 percent year-on-year in March following a 2.8 percent drop in February.
The material has been provided by InstaForex Company – www.instaforex.com