FX.co ★ European Economic News Preview: Italy Industrial Output Data Due

On Tuesday, the focus in European economic updates will be on Italy's industrial production data release. Scheduled for an early start at 2:00 am ET, Romania is set to unveil its consumer price figures.

In tandem, at 2:30 am ET, the Hungarian Central Statistical Office will release key data, covering both consumer prices and industrial production metrics. Market analysts predict a rise in inflation to 4.4% in December, up from 3.7% in the previous month of November. In terms of industrial output, experts anticipate a sizable 4.2% annual decline for November.

Moving forward to 4:00 am ET, Italy's statistical agency, ISTAT, will deliver its report on industrial production for the month of November. Expectations are set for the output to remain stable from the previous month, mirroring October’s figures.