Spain’s CPI decelerated from its July peak but was still up 10.4% yr/yr in the preliminary August reading.
There is growing speculation that energy price caps will be implemented by some European countries.
European Commission President von der Leyen said that an emergency intervention is being planned to rein in energy prices. Goldman Sachs warned that inflation in the U.K. could climb past 22.0% in 2023.
Eurozone’s August Business and Consumer Survey 97.6 (expected 98.0; last 98.9)
U.K.’s July Mortgage Lending GBP5.05 bln, as expected (last GBP5.31 bln) and net lending to individuals GBP6.50 bln (expected GBP6.60 bln; last GBP7.10 bln)
Italy’s June Industrial Sales -0.2% m/m (last 1.2%); 18.0% yr/yr (last 23.6%)
Spain’s July Retail Sales -0.5% yr/yr (last 0.7%). August CPI 0.1% m/m (expected 0.3%; last -0.3%); 10.4% yr/yr (expected 10.9%; last 10.8%). August Business Confidence -6.1 (last -5.2)
Swiss August KOF Leading Indicators 86.5 (expected 89.0; last 90.5)