The start of the week will be notable for the absence of relevant macroeconomic references. It will not be until Tuesday 23rd that the preliminary reading of the Eurozone consumer confidence index for the month of July will be known, prepared by the European Commission and key to assessing the private sector’s perception of the evolution of economic activity.
The following day, the preliminary publication of the Eurozone’s purchasing managers’ indices (PMI) for July will be highlighted, after registering a slightly negative trend the previous month. The GFK consumer confidence references in Germany for August and the producer price index (PPI) for Spain for June will also be released.
On Thursday 25th, the IFO survey in Germany for the month of July will be published, relevant to determining the state of business confidence in the leading European power and its possible implications for the growth path, after suffering a slight contraction in June (88.6 points vs. 89.3 points in May).
To end the week, we will highlight the publication of the unemployment rate in Spain for the 2nd quarter, placing its latest record at 12.29% of the working population. In turn, we will learn about retail sales in the country.
At the business level, there will be numerous references such as the publication of results from Merlin Properties, Banco Sabadell, Banco Santander, Mapfre, Repsol and Iberdrola, among others.
