Eurozone’s July Retail Sales -0.2% m/m (expected -0.1%; last 0.2%); -1.0% yr/yr (expected -1.2%; last -1.0%)
European Central Bank policymaker Knot said that markets may be underestimating the likelihood of a rate hike at the September meeting, adding that the decision could be a “close call.”
Policymaker Villeroy de Galhau said that while the economy is slowing down, there is still no recession on the horizon and lowering inflation should remain the priority.
Germany’s July Factory Orders -11.7% m/m (expected -4.0%; last 7.6%)
German Chancellor Scholz said that his country’s budget should return to “normality” in 2024.
U.K.’s August Construction PMI 50.8 (expected 50.5; last 51.7)