Europe data week ahead: August 3-7

For the EZ, a week of 2nd tier releases.  August 5 sees June PPI, which is expected to decline Yr/Yr, but July energy prices bounces promises a rebound with the July figures.  June EZ retail sales on August 6 is expected to see a slowdown, while the July final PMI data is expected to be unchanged from the provisional reasonable figures. 

For the UK, a low intensity week, with July final PMI figures for Manufacturing August 3 and Services on August 5.  No surprises are expected.  Focus will remain on the new PM Burnham spending commitments for clarity on what will happen in the autumn budget.